Dakota Company had net sales (at retail) of $260,000. Beginning inventory Cost of goods purchased At Cost $ 63,800 115,060 At Retail $128,400 196,800 The above additional information is available from its records. Use the retail inventory method to estimate Dakota's year-end inventory at cost. (Round cost ratio to the nearest whole percentage.) Cost-to-Retail Ratio At Retail $ At Cost 63,800 115,060 178,860 Beginning inventory Cost of goods purchased $ 128,400 196,800 325,200 $ $ Net sales at retail On January 1, JKR Shop had $225,000 of beginning inventory at cost. In the first quarter of the year, it purchased $802,250 of merchandise. The company's gross profit averages 30%, and the store had $1,000,000 of net sales (at retail) in the first quarter of the year. Use the gross profit method to estimate its cost of inventory at the end of the first quarter. 2 points Sales eBook Beginning inventory, January 1 Net cost of goods purchased Hint Estimated cost of goods sold Print Required information The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 420 units @ $85.00 per unit 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units @ $95.00 per unit 580 units Totals 820 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals.) FIFO LIFO Avg. Cost Spec. ID Gross Margin Sales Less: Cost of goods sold Gross profit