During 2023, Harmony Co. sold $519,000 of merchandise at marked retail prices. At the end of 2023, the following information was available from its records: Beginning inventory Net purchases At Cost $126,600 230,240 Inventory al cost Assume that in addition to estimating its ending inventory by the retail method, Harmony Co. also took a physical inventory at the marked selling prices of the inventory items at the end of 2023. Assume further that the total of this physical inventory at marked selling prices was $109,100. a. Determine the amount of this inventory at cost. (Round your intermediate calculations and final answer to 2 decimal places.) At Retail $255,800 392,600 b. Determine Harmony's 2023 inventory shrinkage from breakage, theft, or other causes at retail and at cost. (Round your intermediate calculations and final answers to 2 decimal places.) Estimated inventory that should have been on hand Physical inventory Inventory shrinkage At Cost At Retail Help Save & Exit Check my

During 2023 , Harmany Co sold $519,000 of merchandise at marked retail prices. At the end of 2023 the following information was available from its records: Assume that in addition to estimating its, ending inventory by the felall method, Harmony Co. also took a plrysical iriventory at the marked selling prices of the inventory liems at the end of 2023 . Assume further that the total of this physical inventory of marked selling prices was $109,100. a. Determine the amount of this inventory at cost. (Round your intermediate calculotions and finat answer to 2 decimal places) b. Determine Harmony's 2023 inventory shinkage from breakage, theft or other causes af retail and at cost. (Round your intermediate calculotions and final answers to 2 decimal ploces.)