The records of Grouper Menswear report the following data for the month of September:

Estimate the ending inventory using the retail inventory method. (Round intermediate calculations to 2 decimal place, e.g. 15.21% and the final answers to 0 decimal places, e.g. 5,275.)

Ending inventory, at retail		$enter a dollar amount
Ending inventory, at cost		$enter a dollar amount

Assuming that a physical count of the inventory determined that the actual ending inventory at retail prices at the end of September was $41,300, estimate the loss due to shrinkage and theft. (Round intermediate calculations to 2 decimal places, e.g. 15.21% and the final answer to 0 decimal places, e.g. 5,275.)

Estimated loss due to shrinkage and theft

$enter the Estimated loss due to shrinkage and theft in dollars

Sales $118,000 Purchases (at cost) $66,400 Sales returns 3,000 Purchases (at sales price) 112,000 Additional markups 12,600 Purchase returns (at cost) 3,200 Markup cancellations 1,600 Purchase returns (at sales price) 3,400 Markdowns 9,500 Beginning inventory (at cost) 33,500 Markdown cancellations 2,900 Beginning inventory (at sales price) 48,800 Freight on purchases 4,300