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l am not able to sloven the second part of inventory shortage based on question below l am not able to determine how make calculation
l am not able to sloven the second part of inventory shortage based on question below
l am not able to determine how make calculation based on the steps on appendix 5B
value 3.57 points Problem 5-9AB Retail inventory method LO P4 The records of Alaska Company provide the following information for the year ended December 31 At Retail 469,010 $ 928,950 3,376,050 6,381,050 5,595,800 42,800 At Cost January 1 beginning inventory Cost of goods purchased Sales Sales returns Required 1. Use the retail inventory method to estimate the company's year-end inventory at cost. (Round your ratio calculations to 2 decimal places (ie, 10.15%).) Cost-to-Retail At Cost $469,010 $ 3,845,060 $ 924,182 At Retail $ 928,950 6,381,050 52.60%) $ 7,310,000 5,553,000 52.60% $ 1,757,000 Beginning inventory Cost of goods purchased 3,376,050 ost of goods available for sale Net sales at retail stimated Ending inventoryStep by Step Solution
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