calculate uncle but ha hunting supply shops ending inventory using the retail inventory method under the lower of average cost or market assumption. round the cost to retail ratio to 3 decimal places.

Retail Inventory Method Unde Butch's Hunting Supply Shop reports the following information Cost Retail $35,000 Beginning inventory Purchases 75,000 Net additional markups Net markdowns $92,000 200,000 15,000 (22,000) $285,000 (178,000) $107,000 Goods available for sale $110,000 Sales Ending inventory at retail Calculate Uncle Butch's Hunting Supply Shop's ending inventory using to-retail ratio to 3 decimal places