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Grouper Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained

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Grouper Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained Women's Men's Shoes Shoes Beginning inventory at cost $34,000 $49.500 Cost of goods purchased at cost 110,960 139.740 Net sales 178.500 187,000 Beginning inventory at retail 47.000 62.000 Cost of goods purchased at retail 179.500 187,000 Your answer is incorrect. Calculate cost-to-retail ratio. (Round answers to decimal places, eg. 15%) Men's Women's Shoes Cost-to-retail ratio eTextbook and Media Assistance Used X Your answer is incorrect. Compute the estimated cost of the ending inventory for each department under the retail inventory method (Round answers to decimal places, s. 1.250) Women's Shoes Men's Shoes Estimated cost of ending inventory $ e Textbook and Media

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