Stake Technology 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 $257,200. The following additional information is available At Retail At Cost Opening merchandise inventory.. 585,000 390,000 Purchase returns and allowances Purchases Sales Sales returns 9,700 466,500 311,000 14,550 461,550 9,600 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 availablefor sale Estimated ending inventory Cost of goods sold b) Calculate the cost of the inventory that was stolen Cost of stolen merchandise