Adams Corporation estimates that it lost $94,600 in inventory from a recent flood. The following information is available from the records of the company's periodic inventory system: beginning inventory, $190,000; purchases and net sales from the beginning of the year through the date of the flood, $430,000 and $740,000, respectively. What is the company's gross profit ratio? Gross profit ratio Choose Denominator: Choose Numerator: Estimated gross profit 1 Net sales = = Gross profit ratio Gross profit ratio 0 144,600 1 = Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the quarter ending September 30, 2021: Retail Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales Cost $380,000 $ 520,000 895,000 1,290,000 68,200 56,000 26,000 1,240,000 Estimate ending inventory and cost of goods sold using the conventional method. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Cost Retail Cost-to-Retail Ratio $ 380,000 $ 895,000 520,000 1,290,000 68,200 Beginning inventory Plus: Net purchases Freight-in Net markups Goods available for sale Less: Net markdowns Goods available for sale 56,000 1,866,000 (26,000) 1,840,000 1,343,200 Cost-to-retail percentage (1,240,000) 600,000 $ Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $39; replacement cost, $37; selling price, $49; selling costs, $7. The normal profit is 35% of selling price. What unit value should Ross use when applying the lower of cost or market (LCM) rule to ending inventory? Unit value