1.00 points Word Problem 18-25 [LU 18-2 (1] May's Dress Shop's inventory at cost on January 1 was $41,000. Its retail value was $61,000. During the year, May purchased additional merchandise at a cost of S195,400 with a retail value of 5395,400. The net sales at retail for the year were $350,000. Calculate May's inventory at cost by the retail method. (Round the "cost ratio" to the nearest whole percent.) Cost ??:1 S 41,000 195,400 61,000 395,400 Beginning inventory Purchases Cost of goods available for sale Less net sales for year Ending inventory at retail Ending inventory at cost