Exercise 6-16B Estimating ending inventory-retail method LO P4 In 2017, Dakota Company had net sales (at retail) of $138,000 Beginning inventory Cost of goods purchased At Cost At Retail $32,700 $65,000 70,746 99,200 The above additional Information is available from its records at the end of 2017. Use the retail inventory method to estimat mate Dakota's 2017 ending Inventory at cost. (Round cost ratio to the nearest whole percentage.) At Cost Cost-to-Retail Ratio At Retail $ Beginning inventory Cost of goods purchased $ 32,700 70.746 103,446 65,000 99,200 164,200 $ Net sales at retail