3 Chapter 6 - Graded Homework #6 Saved Pet Emporium had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $59,100. The following additional information is available: At Cost At Retail Beginning merchandise inventory $ 75,600 $ 94,350 Purchase returns and allowances 15,600 20,600 Purchases 10 1,385, 130 1,734,250 Transportation in 19,350 points Sales 1,648,500 Sales returns and allowances 18,600 Skipped Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. Print PET EMPORIUM Estimated Inventory References At Cost At Retail Goods available for sale Goods available for sale Cost to retail ratio Estimated ending inventory at cost $ 0 2. Calculate the cost of the stolen inventory Cost of the stolen Inventory