The records of Macklin Co provide the following information for
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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