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The records of Alaska Company provide the following information for the year ended December 31 At Retail $928,750 6,250,950 5,511,700 46,200 Beginning inventory, January

The records of Alaska Company provide the following information for the year ended December 31 At Retail

The records of Alaska Company provide the following information for the year ended December 31 At Retail $928,750 6,250,950 5,511,700 46,200 Beginning inventory, January 1 Cost t of goods purchased Sales Sales returns At Cost $ 472,950 2,841,512 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 $1,691,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retal

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