During 2020, Harmony Co. sold $512,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: Beginning inventory Net purchases At Cost $119,600 223,240 At Retail $248, 800 385,600 Use the retail method to estimate Harmony's 2020 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory $ 66.146.93 From the following information for Russo Merchandising Co. Cost of goods sold Merchandise inventory (December 31) 2021 $643, 825 96,400 2020 $426,650 86,750 2019 $ 391,300 91,500 Calculate inventory turnover for 2021 and 2020 and days' sales in inventory at December 31, 2021, and 2020. (Round your final answers to 1 decimal place.) 2021 -S 2020 7.0 times 4.7 times Inventory turnover Days' sales in inventory 51.9 days 77.6 days On January 1, The Parts Store had a $480,000 inventory at cost. During the first quarter of the year, it purchased $1,620,000 of merchandise, returned $24,600, and paid freight charges on purchased merchandise totalling $39,100. During the past several years, the store's gross profit on sales has averaged 30%. Under the assumption the store had $2,030,000 of sales during the first quarter of the year, use the gross profit method to estimate its inventory at the end of the first quarter. Ending inventory $ 2,723,500