Homework: Chapter 6 - LO 5 Save Score: 0 of 5 pts 2 of 3 (0 complete) HW Score: 0%, 0 of 15 pts Try-It 6-11 (similar to) Question Help A beachwear shop needs to estimate the cost of its ending inventory for insurance purposes and since is summer il cannot dose for a physical count of inventory. The insurance company will accept an estimate using the retail method. The shop's owne knows the cost of opening inventory was $31.000 from the previous year end's physical count and its seling price was $68.000. From invoices, the owner knows the cost of purchases was $100.000 and the retai soling prices totalled S258,000 Cash register receipts show that sales from the beginning of the year fotased 5254,000. Calculate the cost of ending inventory for the insurance company . Cost Use the retal method to calculate the cout of endleg hvertory for the insurance company. (Do not round Intermediary calcutation. Only round the amount you input in each cell to the nearest coltar) Selling Price Beginning inventory Purchase Goods vietor Notes, at seling diet) Ending inventory at the price tail Ending twentos, at cout Enter any number in the odit fields and then click Check Answer All parts showing Clear All Check