Question 5 Not changed since last attempt Marked out of 1.00 P Flag question Estimating Inventory Using Retail Inventory Method-Average Cost Rainey Retailers disclosed the following data for January, At Cost At Retail Beginning inventory $32,000 $41,600 Sales 496,000 Sales returned (items restored to inventory) 8,000 Purchases 240,000 480,000 Purchase returns 4,800 9,600 Freight in 14,400 Calculate estimated ending inventory using the retail inventory method at average cost. Ending inventory $ 0 Check Previous P Save Answers Finish allemnt