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The records of Alaska Company provide the following information for the year ended December 31, $ At cost 472,750 2,987,714 Beginning inventory, January 1 Cost of goods purchased Sales Sales returns $ At Retail 928,550 6,280,250 5,509,700 46,000 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 $1689,800. 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. (Round your ratio calculations to 2 decimal places. (1.e. 10.15)) At Retail $ Beginning inventory Cost of goods purchased Cost to Retail At Cost Ratio 472.750 2.987.714 3/460 464 $ 920.550 5200.750 57209 300 3 Net sales at retail Required >> The records of Alaska Company provide the following information for the year ended December 31 7 $ Beginning Inventory, January 1 Cost of goods purchased Sales Sales returns At Cost 422,750 2,967,714 At Retail 928,550 6,280,750 5,509,200 46,000 252.05 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 $1689,800 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: Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,689,600. Prepare a calculation showing the company's lows from shrinkage at cost and at retaround you to calculation to decimal place 10.1 >> ALASKA COMPANY Inventory Shortage December 11 At Cost Estimated inventory Physical inventory Inventory shortage