Question: if someone can help I would really appreciate it! Problem 6-17A Retail inventory method LO6 Pet Emporium had a robbery on the weekend In which

if someone can help I would really appreciate it!

if someone can help I would really appreciate it! Problem 6-17A Retail

Problem 6-17A Retail inventory method LO6 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 $58,800. The following additional Information is available: At Cost At Retail Beginning merchandise inventory 75, 300 $ 94, 950 Purchase returns and allowances 15,308 20, 308 Purchases 1,330, 020 1, 732, 750 Transportation- in 19, 050 Sales 1, 645, 508 Sales returns and allowances 18, 306 Required: 1. Prepare an estimate of ending merchandise inventory using the retall method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost 0 2. Calculate the cost of the stolen Inventory. Cost of the stolen inventory

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