Required:

Use the retail inventory method to estimate the company's year$-$end inventory at cost$.$

A year$-$end physical inventory at retail prices yields a total inventory of $$1,677,800.$ Prepare a calculation showing the company's loss from shrinkage at cost and at retail.

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Required $2$

A year$-$end physical inventory at retail prices yields a total inventory of $$1,677,800.$ Prepare a calculation showing the company's loss from shrinkage at cost and at retail.

Note: Round your ratio calculations to $2$ decimal places. $($i$.$e$.10\mathrm{.}15\%).$

$\backslash$table$[[$ALASKA COMPANY$],[$Inventory Shortage$],[$December $31],[,$At Cost,At Retail$],[$Estimated inventory,$2,\sqrt[\phantom{2}]{3x}$