Exercise $6-13$ Estimating ending inventory$-$retail method LO$6$During $2023,$ Harmony Co$.$ sold $$511,000$ of merchandise at marked retail prices. At the end of $2023,$ the following information was available from its records:eBookPrintReferencesBeginning inventoryNet purchasesAt Cost$$118,600222,240$At Retail$$247,800384,600$Use the retail method to estimate Harmony's $2023$ ending inventory at cost$.($Round your intermediate and final answers to $2$decimal places.$)$Ending inventory