ut method: gross prot method Selected data on inventory purchases, and sales for Celebrity Tar Co, and anchors are as follows: Cost Retail $100,000 $575.000 Celebrity Tan Co. Eventory. I Transactions during August Purchases (net) 2,021,900 1.170,000 1.250,000 Ranchiworks Co. Inventory, March 2 $390,000 Tractions during March through twovember Purda (net Sales Estimated grow proftrate 9.500.000 15.000.000 30 Required: 1. Determine the estimated cost of the inventory of Celebrity Tan Coon August 31 by the retail method, presenting details of the commutation. For those which you must enter suttracted or negative numbers use a mus Celebrity Tan Co