Kicks Shoe Store uses the retail inventory method for its two departments, Women€™s Shoes and Men€™s Shoes. The following information for each department is obtained.

Instructions
Compute the estimated cost of the ending inventory for each department under the retail inventorymethod.

Women's Men's Shoes Item Shoes 25,000 45,000 Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at Cost of goods purchased at retail 110,000 178,000 136,300 185,000 60,000 185,000 retail 46,000 179,000