9. Petcetera had a robbery on the weekend in which a large amount of inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $58,500. The following additional information is available: at cost: 75,000 at retail 93,750 Beginning merchandise inventory Purchase returns and allowances.. at cost : 15,000 at retail 20,000 at cost : 1,275,000 at retail 1,731,250 Purchases Transportation-in..... at cost: 18,750 Sales at retail 93,750 Sales returns and allowances.. retail 93,750 Question : 1. Prepare an estimate of ending merchandise inventory using the retail method. 2. Calculate the cost of the stolen inventory