Question: I need help finding the ratio and the ending inventory at cost. Find ratio and ending inventory at cost. (show all work please). From the

I need help finding the ratio and the ending inventory at cost. Find ratio and ending inventory at cost. (show all work please).I need help finding the ratio and the ending inventory at cost.

From the following, calculate the cost ratio and the cost of ending inventory to the nearest cent under the retail method. (Round ti "cost ratio" to the nearest hundredth percent. Round the "cost of ending inventory" to the nearest cent.) Net sales at retail for year Beginning inventory-cost Beginning inventory-retail Purchases-cost Purchases-retail $35,000 $22,000 $44,000 $13,000 $18,000 Cost Retail 22,000 $ 13,000 35,000 $ $ Beginning inventory Net purchases Cost of goods available for sale Less net sales at retail Ending inventory at retail Cost ratio Ending inventory at cost 44,000 18,000 62,000 35,000 27,000 %

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