Sharp 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:

\section*{Instructions}
Compute the estimated cost of the ending inventory for each department under the retail inventory method.

Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Women's Department $ 32,000 Men's Department $ 46,450 148,000 137,300 185,000 195,000 45,000 60,000 180,000 185,000