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Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's...

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Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item Men's Shoes Women's Shoes $37.000 $45,000 57.000 88,000 Beginning inventory at cost Beginning inventory at retail Cost of goods purchased Retail price of goods purchased Net sales 218,000 358,000 373,000 319,000 561,000 529.000 Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, e$. 52.75 and final answers to O decimal places, e.g. 5,275.) Men's Shoes Women's Shoes Estimated cost of ending inventory $ $

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