calculate the estimated amount of inventory storage at cost and at retail.

) Martin Company operates a large discount store and uses the retail inventory method to the cost of ending inventory. Management suspects that in recent weeks there estimate have been unusually heavy losses from shoplifting or employee pilferage. To estimate the amount of the loss, the company has taken a physical inventory and will compare the results with the estimated cost of inventory. Data from the accounting records of Martin Company are as follows: At Cost At Retail $83,450 110,000 174,000 6,120 April 1, beginning inventory Purchases Purchases returns and allowances Freight-in Sales Sales returns and allowances Employee discounts Normal shortages April 30, physical inventory at retail 126,900 4,270 2,330 152,400 1,280 820 700 92,000 REQUIRED: Calculate the estimated amount of inventory shortage at cost and at retail