PB7-8 (Supplement B) Estimating Inventory Using the Retail Inventory Method Indieser, Inc.’s accounting records indicated the following at the end of the quarter: Cost Retail Beginning inventory $252,000 $ 315,000 Purchases 676,000 845,000 Goods available for sale 928,000 1,160,000 Sales 980,000 Required: 1. Compute ending inventory at cost using the retail method. 2. Compute cost of goods sold using the answer to requirement 1.