Question: Exercise 6-13 Estimating ending inventoryretail method LO6 During 2023, Harmony Co. sold $521,000 of merchandise at marked retail prices. At the end of 2023, the

Exercise 6-13 Estimating ending inventoryretail method LO6

During 2023, Harmony Co. sold $521,000 of merchandise at marked retail prices. At the end of 2023, the following information was available from its records:

At CostAt RetailBeginning inventory$128,600 $257,800 Net purchases 232,240 394,600

Use the retail method to estimate Harmonys 2023 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.)

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