3 Answer saved Marked out of 10.00 Flag question Estimating Inventory Using Retail Inventory Method-Average Cost Rainey Retailers disclosed the following data for January. Beginning inventory Sales Sales returned (items restored to inventory) Purchases Purchase returns Freight-in At Cost At Retail $28,000 $36,400 434,000 7,000 210,000 420,000 4,200 8,400 12,600 Calculate estimated ending inventory using the retail inventory method at aver Carry all decimals in calculations; round the final answer to the nearest dollar. Ending inventory $ 0 Provin