Question 6 (1 point) Raider Inc. acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. Along with the land and building, equipment was also included. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. Raider will record the assets purchased as follows: 7. Acme Electronics uses the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2019: Beginning inventory: cost, $ 80,000; retail, $ 130,000 Net purchases: cost, $ 261,000; retail, $ 500,000 Net markups: retail, $ 25,000 Net markdowns: retail, $ 35,000 Net sales: retail, $ 520,000 Employee discounts: retail, $ 4,000 The estimated cost of Acme's ending inventory is: Question 6 (1 point) Raider Inc. acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. Along with the land and building, equipment was also included. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. Raider will record the assets purchased as follows: 7. Acme Electronics uses the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2019: Beginning inventory: cost, $ 80,000; retail, $ 130,000 Net purchases: cost, $ 261,000; retail, $ 500,000 Net markups: retail, $ 25,000 Net markdowns: retail, $ 35,000 Net sales: retail, $ 520,000 Employee discounts: retail, $ 4,000 The estimated cost of Acme's ending inventory is