Universal Suppliers had sales of $479,000 in the month of June. Use the retail method to estimate the value of the inventory (in $) as of June 30 given the following financial information: Universal Suppliers Financial Highlights June 1-June 30 Cost Retail Beginning Inventory $304,371 $583,900 Net Purchases (June) 174,001 226,900 Need Help? Read It Watch It Master It Universal Suppliers had sales of $479,000 in the month of June. Use the retail method to estimate the value of the inventory (in $) as of June 30 given the following financial information: Universal Suppliers Financial Highlights June 1-June 30 Cost Retail Beginning Inventory $304,371 $583,900 Net Purchases (June) 174,001 226,900 Need Help? Read It Watch It Master It