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The records of alaska company provide the following

The records of Alaska Company provide the following information for the year ended December 31.

469_267-B-M-A-I (1919) (1).png

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 $ 1,686,900. Prepare a calculation showing the company's loss from shrinkage at cost and at retail.

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Managerial Accounting: The records of alaska company provide the following

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