May's Dress Shop's inventory at cost on January was $ Its retail value was $ During the year, May purchased additional merchandise at a cost of $ with a retail value of $ The net sales at retail for the year were $
Calculate May's inventory at cost by the retail method.
Note: Round the "cost ratio" to the nearest whole percent.
tableCost,Retail,tableBeginning inventoryPurchasesPurchasesCost of goods available for saleLess net sales for yearEnding inventory at retailCost ratio,,,
