saved Problem 6-9AB Retail inventory method LO P4 The records of Alaska Company provide the following Information for the year ended December 31 t Retail 928,950 6, 381,oso 5, 595, 800 42,800 469,010 a, a76,os0 January 1 beginning inventory Cost of goods purchased Sales Sales returns Required: 1. Use the retall Inventory method to estimate the company's year-end Inventory at cost. 2. A year-end physical Inventory at retall prices ylelds a total Inventory of $1,686,900. Prepare a calculation showing the company's loss from shrinkage at cost and at retal. Complete this questions by entering your answers in the below tabs. 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. (Le, 10, 1596)) Cost to-Retail At Retail At Cost Deginning invantory Cost of goods purchssed S 409,010 3.370,050 5 3,845.080 928.950 8,381,050 S 7.310,000 Net sales at retail Saved The records of Alaska Company provide the following Information for the year ended December 31. January 1 beginning inventory $469,010 928,950 6,381,0so 5, 595,800 42,800 Cost of goods purchased Sales 3, 376, 050 Required: 1. Use the retall Inventory method to estimate the company's year-end Inventory at cost 2. A year-end physical Inventory at retall prices ylelds a total Inventory of $1,686,900. Prepare a calculation showing t loss from shrinkage at cost and at retall. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,686,900. Prepare a calculation showing th company's loss from shrinkage at cost and at retail. (Round your ratic calculations to 2 decimal places. (i.e. 10.15% ALASKA COMPANY Inventory Shortage December 31 At Cost At Retail Estimated inventory Physical inventory Inventory shortage