Calculate the cost of the stolen inventory. Cost of the stolen inventory 12 1 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost S 0 % 1 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost S 0 % Required: 1. Prepare an estimate of ending merchandise inventory using the retall method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale + Cost to retail ratio $ 0 Estimated ending inventory at cost Problem 6-16A Retail inventory method LO6 Pet Emporium had a robbery on the weekend in which a large amount of Inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $59,000. The following additional information is available: At Cost At Retail Beginning merchandise inventory Purchase returns and allowances Purchases $ 75,500 $ 94,250 15,500 20,500 1,366,750 1,733,750 Transportation-in 19,250 Sales 1,647,500 Sales returns and allowances 18,500 2. Calculate the cost of the stolen inventory. Cost of the stolen inventory ipped %