Question

The records of Macklin Co. provide the following information for the year ended December 31.


Required
1. Use the retail inventory method to estimate the company’s year- end inventory.
2. A year- end physical inventory at retail prices yields a total inventory of $ 80,450.
Prepare a calculation showing the company’s loss from shrinkage at cost and atretail.


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  • CreatedNovember 26, 2013
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