Chapter 05 M Connect Saved Help s 15 The records of Alaska Company provide the following information for the year ended December 31. Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Cost $ 472, 450 3,203,987 6.25 points At Retail $ 928,250 6,280,450 5,506, 700 45,700 eBook Print 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 $1,686,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,686,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. ( 10.15)) ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated Inventory $ 873,850 Physical inventory Inventory shortage At Retail Chapter 05 M Connect Saved Help s 15 The records of Alaska Company provide the following information for the year ended December 31. Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Cost $ 472, 450 3,203,987 6.25 points At Retail $ 928,250 6,280,450 5,506, 700 45,700 eBook Print 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 $1,686,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,686,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. ( 10.15)) ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated Inventory $ 873,850 Physical inventory Inventory shortage At Retail