of 5 Knowledge Check 01 A company has the following financial information regarding its inventory 1:51:43 Item Beginning inventory Net purchases Sales Period-end inventory merchandise available at retail Cost $ 70,000 75,000 Retail $ 95,000 135,000 165,000 65,000 Applying the retail inventory method, the cost of ending inventory is estimated at $41,325 $40,950 $42,275 $41,775