Question: Sunland Stores uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item

Sunland Stores uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Women's Shoes Men's Shoes Beginning inventory at cost 41,540 47.375 Cost of goods purchased at cost 148,000 136,000 Net sales 179,000 188,500 Beginning inventory at retail 49,000 59,500 Cost of goods purchased at retail 185,000 185,000 Compute the estimated cost of the ending inventory for each department under the retail inventory method. (Round answers to O decimal places, e.g. $25,120.) Women's Department Men's Department Estimated cost of ending inventory
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