Question 1 Kicks Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Women's Men's Shoes Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at reta $33,000 $47,000 110,220 131,560 178,000 187,000 50,000 61,000 181 calculate cost-to-retail ratio. (Round answers to 0 decimal places, e.g. 15%.) Women's Shoes Men's Shoes Cost-to-retail ratio Compute the estimated cost of the ending inventory for each department under the retail inventory method. (Round answers to 0 decimal places, e.g. 1,250.) Women's Shoes Men's Shoes Estimated cost of ending inventory