4. Exercise 17.5 Estimating inventory cost under the retail method. LO 17-5 25 Cost $209, 500 319, 500 14,180 Retail Beginning inventory Purchases $333, 500 489, 500 points Freight in Sales 501,500 eBook References Based on the above data, compute the estimated cost of the ending inventory at Cummings Company. Use the retail method. (Round your cost ratio answer to 4 decimal places.) ESTIMATED INVENTORY COST Cost Retail $ 200,500 $ 333,500 Beginning inventory Purchases 319.500 489,500 Freght in 14,180 Total merchandise avalable for sale $ 543, 180 S 823,000 Ending invertory priced at retail Cost ratio Ending inventory at cost