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if someone could help that would be great!! :) 2. Calculate the cost of the stolen inventory. Cost of the stolen inventoryPet Emporium had a
if someone could help that would be great!! :)
2. Calculate the cost of the stolen inventory. Cost of the stolen inventoryPet Emporium had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $59,300. The following additional information is available: it Cost At Retail Beginning merchandise inventory $ 15,869 $ 941558I Purchase returns and allowances 15,866 XL 898' Purchases 1,421,929 1,?35J 258I Transportationin 19,559 Sales 1J 65E}J 588' Sales returns and allowances 181899 I Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. Cost to retail ratio Estimated ending inventory at costStep by Step Solution
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