(BE 6.9) At May 31, Chang Dancewear has net sales of $330,000 and cost of goods available for sale of $230,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 45%. (Apply the gross profit method.)

(BE 6.10) On June 30, Lyon Fabrics has the following data pertaining to the retail inventory method: goods available for sale: at cost $35,000 and at retail $50,000, net sales $42,000, and ending inventory at retail $8,000. Compute the estimated cost of the ending inventory using the retail inventory method. (Apply the retail inventory method.)