The records of Alaska Company provide the following information for the year ended December 31. At Cost $ 472,450 3,203,987 At Retail $ 928,250 6,280,450 5,506,700 45,700 Beginning inventory, January 1 Cost of goods purchased Sales Sales returns 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 $1,686,800. 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 Required 2 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. 10.15%) Beginning inventory Cost of goods purchased Net sales at retail $ $ At Cost 472,450 3,203,987 3,676,437 Cost-to-Retail Ratio

The records of Alaska Company provide the following information for the year ended December 31 . 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 yields a total inventory of $1,686,800. Prepare a calculation showing the company's loss from shrinkage at cost and ot retail. 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. 10,15%)