Exercise 5-16B Estimating ending inventory-retail method LO P4

In 2013, Dakota Company had net sales (at retail) of $260,000.

	At Cost				At Retail
Beginning inventory		$	63,800			$	128,400
Cost of goods purchased			115,060				196,800

The above additional information is available from its records at the end of 2013. Use the retail inventory method to estimate Dakota's 2013 ending inventory at cost. (Round cost ratio to the nearest whole percentage.)