Exercise 6-16B Estimating ending inventory-retail method LO P4 In 2017, Dakota Company had net sales (at retail) of $139,000. At Cost At Retail Beginning inventory $32,800 $65, 100 Cost of goods purchased 72,416 99,300 The above additional information is available from its records at the end of 2017. Use the retail inventory method to estimate Dakota's 2017 ending inventory at cost. (Round cost ratio to the nearest whole percentage.) At Cost $ Beginning inventory Cost of goods purchased 32,800 72,416 105,216 Cost-to- At Retail Retail Ratio $ 65,100 99,300 47% $ 164,400 $ Net sales at retail 47%