Estimating Inventory Using Retail Inventory Method$$ Conventional

Wally$-$Mart values its inventory using the conventional retail inventory method. It discloses the following data for its recent

Compute estimated ending inventory for the period$-$end using the conventional retail inventory method.

$-$ Note: Use negative signs as appropriate in the following schedule. $-$ Note: Use negative signs as appropriate in the following schedule.

$\backslash$begin$\{$tabular$\}\{|$l$|$r$|$rr$|\}$

$\backslash$hline & $\backslash$multicolumn$\{2\}\{$c$|\}\{$ Cost $\}$ & $\backslash$multicolumn$\{1\}\{$c$|\}\{$ Retail $\}\backslash \backslash$

$\backslash$hline Goods available for sale: & & & $\backslash \backslash$

$\backslash$hline Beginning inventory & $\backslash (\backslash$$ $\backslash )$ & $80,800$ & $\backslash (\backslash$checkmark $\backslash )$

$\backslash$end$\{$tabular$\}$

$-$ Note: Use the result above EXACTLY as shown to compute the following amount.

Estimated ending inventory at cost: $\backslash (\backslash$$ $\backslash )$