Propiem 3-YAD Retan inventory method LU 14 The records of Alaska Company provide the following information for the year ended December 31 $ At Cost 422,250 2,987,714 Beginning inventory, January 1 Cost of goods purchased Sales Sales returns $ At Retail 928.550 6,280, 750 5,509,700 46. 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 $1,689,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail ce Complete this question by entering your answers in the tabs below. Required a 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. (t.e. 10.159)) At Cost Cost-to-Retail Ratio At Retail 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. (i.e. 10.15%) At Cost $ Beginning inventory Cost of goods purchased Cost of goods available for sale Net sales at retail Estimated ending inventory 472,750 2.987.714 3.460,4647 Cost-to-Retail Ratio At Retail 1$ 928,550 6.280.750 4 8.00% S 7209,300 $ 48.00% Required 2 > loss from shrinkage at cost and at retail. Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,689,800. company's loss from shrinkage at cost and at retail. (Round your ratio calculations to ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated inventory Physical inventory Inventory shortage At Retail