Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Mar. 16 Mar. 23 760 gals @ $8.85 960 gals @ $8.90 760 gals @ $8.95 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 560 gals 860 gals 660 gals 860 gals The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is: Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Normal gross profit ratio Skis $185,000 130,500 83,300 20% 30% Boots $155,000 135,500 135,000 20% 30% Apparel $125,000 92,500 115,000 20% 25% Supplies $65,000 50,500 55,000 20% 25% In applying the lower of cost or market rule, the inventory of skis would be valued at: Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021: Cost $100,000 319,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $138,000 540,000 29,000 43,000 560,000 The average cost-to-retail percentage is