Waterway Shoe Store uses the retail inventory method for its two departments, Women's Shoes and Men's Shoes. The following information for each department is obtained. Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Cost-to-retail ratio eTextbook and Media Women's Shoes $21,000 114,600 eTextbook and Media 178,000 47,000 179,000 Calculate cost-to-retail ratio. (Round answers to 0 decimal places, e.g. 15%.) Women's Shoes Men's Shoes Estimated cost of ending inventory $ $47,000 157,180 186,000 63,000 186,000 % Compute the estimated cost of the ending inventory for each department under the retail inventory method. (Round answers to O decimal places, e.g. 1,250.) Men's Shoes Women's Shoes % $ Men's Shoes

Waterway Shoe Store uses the retail imentory ifechod for its two departments. Womevis Shoes and Men's Shoes. The followirs information for each department is oblained eTextbook and Media dincind pluces, E. I.250)