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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

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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 $ 55,000 $ 92,000 Net purchases 255,000 408,000 Net sales 410,000 ora Required: Use the retail method to estimate the June 30, 2018, inventory. (Round "Cost-to-retail percentage" 11 decimal place) Estimated ending Inventory (Retail) Estimated ending inventory (Al Cost)

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