13) On March 17, 2018, a flood destroyed the entire inventory of Beatty Co. The touwing LLULUM is available from its accounting records: Inventory, January 1, 2018 Purchases, Jan. 1 - Mar. 17 Sales, Jan. 1 - Mar. 17 Normal gross margin $ 208,000 420,000 600,000 40% Required: Compute the estimated cost of inventory lost in the flood. (3 pts) Show your work or you will lose 1 point. 14) Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2018, is as follows: Beginning inventory Net purchases Net sales Cost Retail $ 45,000 $82,000 245,000 418,000 400,000 Required: Use the retail method to estimate the June 30, 2018, inventory. (3 pts) Show your work or you will lose 1 point Page 6