The records of Alaska Company provide the following Information for the year ended December $31.$

Requlred:

Use the retall Inventory method to estimate the company's year$-$end Inventory at cost$.$

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 retall.

Complete this question by entering your answers in the tabs below.

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

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