$(7\mathrm{.}5$x $2,$ Total $15$ marks$)$The Inventory of Bell department store was destroyed by a fire on September $10,2014.$ Thefollowing data were found in the accounting recordsPage $3$ of $8$RetailBeginning inventory$$525000$Cost of good purchased$$350000$Net sales at retail$$320000$Cost$ $450000$$ $200000$Use the gross retail Inventory method to estimate the inventory for March $2014.(5$ marks$)(7\mathrm{.}5$x $2,$Total $15$ marks$)$

R$.$ The Inventory of Bell department store was destroyed by a fire on September $10,2014.$ The following data were found in the accounting records

Page $3$ of $8$

$\backslash$table$[[,$Retail,Cost$],[$Beginning inventory,,$$450000$