Retail Inventory Method Uncle Butch's Hunting Supply Shop reports the following information related to inventory: Cost Retail $35,000 75,000 $92,000 200,000 Beginning inventory Purchases Net additional markups Net markdowns Goods available for sale Sales Ending inventory at retail 15,000 (22,000) $285,000 (178,000) $110,000 $107,000 Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the LIFO cost flow assumption. Round the cost- to-retail ratio to 3 decimal places. 38.043 X