Exercise 5-16B Estimating ending Inventory-retall method LO P4 Dakota Company had net sales at retail) of $138,000 At Cost At Retail Beginning inventory $32,700 365,000 Cost of goods purchased 70,745 90,200 The above additional information is available from its records. Use the retail inventory method to estimate Dakoto's year-end Inventory at cost. (Round cost ratio to the nearest whole percentage.) Cost-to-Retail Al Cost Ratio $ Beginning inventory Cost of goods purchased 32.700 70.746 103.446 At Retail $ 65.000 99.200 $ 164.200 $ Net sales at retail 1 of 3 Next >