Problem 9-13 Late in 2014, oan Seceda and four other investors took the chain of Nash Department Stores private, and the company has just completed its third year of operations under the ownership of the investment group. Andrea Selig, controller of Nash Department Stores, is in the process of preparing the year-end finandal statements. Based on the preliminary financial statements, Seceda has expressed concern over inventory shortages, and she has asked Selig to determine whether an abnormal amount of theft and breakage has occurred. The accounting records of Nash Department Stores contain the following amounts on November 30, 2017, the end of the fiscal year Retail Cost 68,100 254,325 $98,500 397,200 50,400 108,500 322,200 Beginning inventory Net markups Net makdowns Sales revenue According to the November 30, 2017, physical inventory, the actual inventory at retail is $110,500. Assuming that prices have been stable, calculate the value, at cost, of Nash Department Stores ending inventory using the last-in, first-out (LIFO) retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 7896 and final answer to 0 decimal places, eg. 28,987) Estimated ending inventory at Cost LINK TO TEXT Estimate the amount of shortage, at retail, that has occurred at Nash Department Stores during the year ended November 30, 2017 Estimated inventory shortage