Question: Chapter 6 - Graded Homework Saved Help Sas 1 Pet Emporium had a robbery on the weekend in which a large amount of inventory was


Chapter 6 - Graded Homework Saved Help Sas 1 Pet Emporium 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 $57,900. The following additional Information is available: At cost At Retail Beginning merchandise Inventory 74,400 93,150 Purchase returns and allowances 14,400 19.400 Purchases 1,168,650 1,733,250 Transportation in 18,150 Sales 1,636,500 Sales returns and allowances 17,400 10 points Stoped Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. References 1 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method PET EMPORIUM Estimated Inventory 10 points Ar Cost Al Retail Goods available for sale Skopped Print References Goods available for sale Cost to retail ratio Estimated ending inventory arcos nt ences 2. Calculate the cost of the stolen inventory. Cost of the stolen inventory Prey 1 of 5
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