14. Clooney Department Store estimates inventory by using the retail inventory method. The following information was developed: At Cost At Retail Beginning inventory $360,000 $ 750,000 Goods purchased 900,000 1,350,000 Net sales 1,400,000 The estimated cost of the ending inventory is a. $280,000. b. $336,000. C. $420,000. d. $466,667