2a. Estimate the cost of the inventory of Ranchworks Co0 on November 30 by the gross profit method, presenting details of the computations. For those boxes in which you must enter subtracted or negattve numbers use a minus ston: Selected data on inventory, purchases, and sales for Celebrity Tan Co. and Ranchworks Co, are as follows: 1. Determine the estimated cost of the inventory of Celebrity fan Co, on Aupust 31 by the retail method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2a. Estimate the cost of the inventory of Ranchworks Co, on Nowmber 30 by the gross profit method, presenting details of the cornputations. For those boxes in which you must enter subtracted or negative numbers use a mints sign. 2b. Assume that Ranchworks Co, took a physical inventory on November 30 and discovered that $369,750 of inventory was on hand. What wa5 the estimated loss of inventory due to theft or damage during March through November