Mosher Company uses the retail method to estimate cost of ending inventory for its monthly interim reports. From the following facts, estimate Mosher ending inventory at cost for the end of January. (Round the cost ratio to the nearest hundredth percent.)
January 1 inventory at cost ........ $ 19,000
January 1 inventory at retail ....... 33,000
Net purchases at cost ............ 119,000
Net purchases at retail .......... 197,000
Net sales at retail ............ 190,000