The records of The Wilke Co. provided the following information for the year ended December 31, 2014: Required: 1. Prepare an estimate of the company’s year-end inventory by the retail method. Round all calculations to two decimal places. 2. Under the assumption the company took a year-end physical inventory at marked selling prices that totaled $39, 275, prepare a schedule showing the store’s loss from theft or other causes at cost and at retail. View Solution:The records of The Wilke Co provided the following information
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