The records for the Clothing Department of Blue Spruce's Department Store are summarized as follows for the month of January:
Inventory, January : at retail, $; at cost $
Purchases in January: at retail, $; at cost $
Freight in: $
Purchase returns: at retail, $; at cost $
Purchase allowances: $
Transfers in from suburban branch: at retail, $; at cost $
Net markups: $
Net markdowns: $
Inventory losses due to normal breakage and so on: at retail, $
Sales at retail: $
Sales returns: $
a Estimate the inventory for this department as at January at retail and cost using the retail method. Round costtoretail ratio to decimal places, eg and final answers to decimal places, eg
Ending inventory at retail $
Ending inventory at cost $
