Not yet answered Matial out of 100 esti Question 4 Gweeze Company had a beginning inventory that cost $48,000, which was marked for retail at $115,000. During 2020, they made purchases with a net cost of $840,000, which they hoped to retail for $1,735,000. Their actual sales for the year amounted to $1,715,000. Use the retail method of inventory estimation to calculate the cost of the year-end inventory for 2020