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Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item

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Bonita Industries uses the retail inventory method for its two departments: men's shoes and women's shoes. The following information is obtained for each department: Item Beginning inventory at cost Beginning inventory at retail Cost of goods purchased Retail price of goods purchased Net sales Men's Shoes $34,000 54,000 210,000 330,000 349,000 Women's Shoes $43,000 82,000 310,000 550,000 512,000 Calculate the estimated cost of the ending inventory for each shoe department under the retail inventory method. (Round cost to retail ratio to 2 decimal places, eg. 52.75 and final answers to decimal places, eg. 5,275.) Men's Shoes Women's Shoes $ $ Estimated cost of ending inventory

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