Sharp 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:

\section*{Instructions}
Compute the estimated cost of the ending inventory for each department under the retail inventory method.

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Item Beginning inventory at cost Cost of goods purchased at cost Net sales Beginning inventory at retail Cost of goods purchased at retail Women's Department $ 32,000 Men's Department $ 46,450 148,000 137,300 185,000 195,000 45,000 60,000 180,000 185,000