i just need help with 2.a

BOOK Retail method: gross profit method Selected data on inventory, purchases, and sales for Celebrity Tan Co and Ranchworks Co. are as follows: Cost Retail $300,000 $575,000 Celebrity Tan Co. Inventory, August 1 Transactions during Augusti Purchases (net) 2,021,900 3,170,000 3,250,000 Sales Ranchworks Co. $880,000 Inventory, March 1 Transactions during March through November Purchases (net) Sales Estimated gross profit rate 9,500,000 15,800,000 38% Required: 1. Determine the estimated cos se inventory of Celebrity Tan Co, on August 31 by the retail method, presenting details of the computations, which you must enter subtracted or negative numbers use a minus sign. Celebrity Tan Co. Ested Cost of Inventory August 31 Cost Retail Inventory, August 1 l t $75,000 Check My Work 1. Determine the estimated cost of the inventory of Celebrity Tan Coon August 31 by the retail method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Celebrity Tan Co. Estimated cost of Inventory August 31 Cost Retail Inventory, August 1 300.000 575,000 Net purchases 2,021,900 3,170,000 2.321,900 3.745,000 62 Merchandise available for sale Ratio of cost to retail price Sales Inventory, August 31, at retail Inventory, August 31, at estimated cost 3,250.000 495,000 306,900 Ford Chucky Won Calculate the amount of merchandise valable for sale by out and retail Divide the cost figure by the real amount to get the ratio of cost to retail Subtract retail sales from cotall goods available for sale tochtain the ending inventory and by the cost to rotal ratio 2a. Estimate the cost of the inventory of Ranchworks Co. on November 30 by the gross profit method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minussion Ranchworks Co. Check My Work