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Problem 6-9AB Retail inventory method LO P4 The records of Alaska Company provide the following information for the year ended December 31 Retail 473,25 929,e50 2,627,179 6,281,250 5,514,780 46, 5e8 At anuary 1 beginning inventory Cost of goods purchased Sales Sales returns ed Required: 1. Use the retail inventory method to estimate the company's year-end inventory at cost 2. A year-end physical inventory at retail prices yields a total inventory of $1,694,800. Prepare a calcula loss from shrinkage at cost and at retail. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 use tha etai in ntory method to estimate the company's year-end inventory at cost. (Round your ratio cal decimal places. (Le, 10.15%)) At CostCost-to. Retail 5 473 250 2627 179 3100 429 At Retail S 929,050 S 7210.300 6.281.250 Cost of goods available for sale Net sales at retail Estimated ending inventory 1 of 1 :2 pe here to search DOLL