Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2018, is as follows: Cost Retail Beginning inventory $ 43,000 $ 80,000 Net purchases 243,000 420,000 Net sales 398,000 Required: Use the retail method to estimate the June 30, 2018, inventory. (Round "Cost-to-retail percentage" to 1 decimal place.)