May's Dress Shop's inventory at cost on January 1 was $39,000. Its retail value was $59,000. During the year, May purchased additional merchandise at a cost of $195,000 with a retail value of $395,000. The net sales at retail for the year were $348,000. Calculate May's inventory at cost by the retail method (Round the "cost ratio" to the nearest whole percent.) Cost Retail Beginning inventory Purchases Cost of goods available for sale Less net sales for year Ending inventory at retail Cost ratio Ending inventory at cost %