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The records of Concord Menswear report the following data for the month of September: Estimate the ending inventory using the retail inventory method. (Round Intermedlate

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The records of Concord Menswear report the following data for the month of September: Estimate the ending inventory using the retail inventory method. (Round Intermedlate calculations to 2 decimal ploce, ex 15.21% and the final answers to 0 decimal places, 88.5,275. Ending inventory, at retail Ending inventory, at cost Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $41,500, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, es 15.21\% and the final answer to 0 decimal places, eg. 5,275.) Estimated loss due to shrinkage and theft

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