Inventory Valuation and Retail Inventory Method: Le March des Vins uses the retail inventory method to estimate ending inventory. The following data is available for

·Inventory Valuation and Retail Inventory Method:

Le Marché des Vins uses the retail inventory method to estimate ending inventory. The following data is available for a wine category:

• Cost Price: €20,000
• Retail Price: €40,000
• Net Sales: €30,000
• Purchases at Cost: €15,000
• Purchases at Retail: €30,000

Calculate the estimated ending inventory value using the retail inventory method.