The following information was developed for Wildhorse Department Store:

		At Cost		At Retail
Beginning inventory		$450,000		$655,000
Goods purchased		770,000		1,345,000
Net sales				1,240,000

If Wildhorse Department Store estimates inventory by using the retail inventory method, what is the estimated cost of ending inventory?

Estimated cost of ending inventory

$enter the Estimated cost of ending inventory in dollars

eTextbook and Media

If Wildhorse Department Store uses the gross profit method and net sales are $550,000, the gross profit rate is 30%, and cost of goods available for sale is $440,000, what is the estimated cost of ending inventory?

Estimated cost of ending inventory

$enter the Estimated cost of ending inventory in dollars