ect HW Retail Inventory Method i In Liven ct HW Retail Inventory Method (i) 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 Saved Required: Use the retail inventory method to estimate the company's year-end inventory at cost. A year-end physical inventory at retail prices yields a total inventory of $1,694,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the retail inventory method to estimate the company's year-end inventory at cost. Note: Round your ratio calculations to 2 decimal places.