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On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $42,476; at retail $57,400;

On June 30, Calico Fabrics has the following data pertaining to the retail inventory method. Goods available for sale: at cost $42,476; at retail $57,400; net sales $37,500; and ending inventory at retail $19,900

Compute the estimated cost of the ending inventory using the retail inventory method.

The estimated cost of the ending inventory_________________

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