15 The records of Alaska Company provide the following information for the year ended December 31. January 1 beginning inventory Cost of goods purchased Sales Sales returns At Retail 928,850 6,281,859 5,512,780 473,s 2,771,485 points Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost 2. A year-end physical inventory at retail prices yields a total inventory of $1,692 800 Prepare a calculation showing the company's loss from shrinkage at cost and at retail. eBook Print Complete this questions by entering your answers in the tabs below. Requised 1 Required 2 Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) At Cost Cost-to Retail At Retail S 928,850 $ 7.209,900 Ratio S 473,050 2,771,405 $ 3,244,455 Cost of goods purchased 6.281.050 Net sales at retail Required 2>