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

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 $ 472,650 3,059,809 At Retail $ 928,450 6,280,650 5,508,700 45,900 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 $1,688,800. 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. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%)) Cost-to-Retail At Cost At Retail Ratio Beginning inventory 472,650 $ 928,450 Cost of goods purchased 3,059,809 6,280,650 $ 3,532,459 $ 7,209,100 Net sales at retail $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 A year-end physical inventory at retail prices yields a total inventory of $1,688,800. Prepare a calculation showing the company's loss from shrinkage at cost and at retail. (Round your ratio calculations to 2 decimal places. (i.e. 10.15%) ALASKA COMPANY Inventory Shortage December 31 At Cost Estimated inventory Physical inventory Inventory shortage At Retail < Required 1 Required 2 >