Ch 18 Assignment i 9 8.33 points Skipped Saved Help Save & Exit Submit Check my work Word Problem 18-25 (Algo) [LU 18-2 (1)] May's Dress Shop's Inventory at cost on January 1 was $39,500. Its retail value was $59,500. During the year, May purchased additional merchandise at a cost of $195,100 with a retail value of $395,100. The net sales at retall for the year were $348,500. Calculate May's Inventory at cost by the retail method. Note: Round the "cost ratio" to the nearest whole percent. eBook Beginning inventory Purchases Hint Cost of goods available for sale Print References Less net sales for year Ending inventory at retail Cost ratio Ending inventory at cost Cost Retail %