Hi! Please explain how to solve this question?

Current Attempt in Progress Culver's Menswear uses the retail method and has the following information relating to the December 31, 2024, year end: Calculate the estimated cost of the December 31,2024 , inventory using the retail inventory method. (Round cost-to-retail ratio to 1 decimal place, eg. 2.5% and final answer to 0 decimal places, eg. 5,275.) Estimated cost of ending inventory