Question: + Chapter 6 Assignment 0720 2 IIT Question 3 of 4 Splish Stores uses the retail inventory method for its two departments, Women's Shoes and

 + Chapter 6 Assignment 0720 2 IIT Question 3 of 4

+ Chapter 6 Assignment 0720 2 IIT Question 3 of 4 Splish Stores uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Women's Shoes Men's Shoes Beginning inventory at cost 37,015 41,230 Cost of goods purchased at cost 150,500 136.000 Net sales 176,500 184.000 Beginning inventory at retail 45,000 58,500 Cost of goods purchased at retail 186,500 181,000 Compute the estimated cost of the ending inventory for each department under the retail inventory method. (Round answers to O decimal places, e.g. $25,120.) Women's Department Men's Department Estimated cost of ending inventory e Textbook and Media

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