The records of Alaska Company provide the following information for the year ended December 31. Beginning inventory, January 1 Cost of goods purchased Sales Sales returns At Cost 471,750 3,564,338 At Retail 927,550 6,279,750 5,499,700 45,000 ok t 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 $1.679,800. Prepare a calculation showing the compar loss from shrinkage at cost and at retail 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 $1676,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail ook Complete this question by entering your answers in the tabs below. tine rences 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. (.e. 10.15%) At Cost Cost to Retail Ratio At Retail Beginning inventory $ 471,750 $ 927 550 Cost of goods purchased 3.564 338 6,279 750 Sales 5 4036.088 $ 7.207 300 Nof sales at retail Estimated onding Inventory Required 2 > Requireu. 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 $1679,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail Complete this question by entering your answers in the tabs below. Required 1 Required2 A year-end physical inventory at retail prices yields a total inventory of $1,679,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. (1.0.10.1590)) ALASKA COMPANY Inventory Shortage December 31 At Cost At Retail Estimated Inventory Physical inventory Inventory shortage