$$ Exercise $6-13$ Estimating ending inventory$-$retail method LO$6$

During $2023,$ Harmony Co$.$ sold $$525,000$ of merchandise at marked retail prices. At the end of $2023,$ the following information was

available from its records:

Beginning inventory

Net purchases

At Cost At Retail

$$132,600$ $$261,800$

$236,240398,600$

Use the retail method to estimate Harmony's $2023$ ending inventory at cost$.($Round your intermediate and final answers to $2$

decimal places.$)$

Ending inventory