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Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost

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Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $61,000 and $106,000, net purchases at cost and retail were $791,000 and $1,306,000, and sales during the first six months totaled $806,000. The estimated inventory at June 30, 2021, would be: Multiple Choice $333,600. $363,600. $365,900. None of these answer choices are correct

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