Question 4 (10 points] Allarco Inc. had a robbery in which a large amount of inventory was taken. The loss is totally covered by insurance. A physical inventory count determined that the cost of the remaining merchandise is $149,500. The following additional information is available: Opening merchandise inventory Purchase returns and allowances Purchases Sales At Retail 356,500 14,725 635,500 669,525 10,000 At Cost 230,000 9,500 410,000 Sales returns a) Prepare an estimate of ending merchandise inventory using the retail method: At Retail At Cost Cost of Goods Sold: Opening inventory Net purchases Cost of goods available for sale Estimated ending inventory Cost of goods sold b) Calculate the cost of the inventory that was stolen: Cost of stolen merchandise =