Retail-Mart values its inventory using the conventional retail inventory method. It discloses the following data for the month of June. Inventory (beginning), June 1 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales Purchase returns and allowances Sales returns and allowances Cost Selling Price $43,040 $64,000 16,800 138,560 2,400 23,200 8,000 7,200 178,880 200,000 2,880 8,000 Compute estimated inventory at June 30 using the conventional retail inventory method. Cost Ratio Numerator / Denominator = 0 / $ 0 = LA Estimated ending inventory at cost Estimated ending inventory at retail $ cost ratio Estimated ending inventory at cost +A $ Result 0 0 0