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Brandon Shoe Store uses the retail inventory method to estimate its monthly ending inventories. The following information is available at November 30, 2021: st Beginning
Brandon Shoe Store uses the retail inventory method to estimate its monthly ending inventories. The following information is available at November 30, 2021: st Beginning inventory Purchases Purchase returns and allowances Freight in Sales Sales returns and allowances Women's Shoes Cost Retail $276,000 $424,000 1,181,000 1,801,000 24,600 37,000 6,000 1,826,000 28,000 Men's Shoes Cost Retail $191,000 $323,000 1,046,000 1,772,000 21,900 36,400 7,200 1,651,000 25,000 At November 30, Brandon Shoe Store takes a physical inventory count at retail. The actual retail values of the inventories in each department on November 30, 2021, are as follows: Women's Shoes $381,250, and Men's Shoes $426,100. Determine the estimated cost of the ending inventory at November 30, 2021, using the retail inventory method. (Round cost-to-retail ratios to 1 decimal place, e.g. 52.7% and final answers to 0 decimal places, e.g. 5,275.) Ending inventory at cost Women's Shoes A Men's Shoes
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