Question: Weber Inc. had a robbery in which a large amount of inventory was taken. The loss is totally covered by insurance. A physical inventory count

Weber Inc. had a robbery in which a large amount of

Weber 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 $186,300. The following additional information is available: a) Prepare an estimate of ending merchandise inventory using the retail method: b) Calculate the cost of the inventory that was stolen: Cost of stolen merchandise =261,700

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