Jayne's Department Store had net retail sales of $310,000 during the current year.The following additional information was obtained from the accounting records.
Estimate the company's ending inventory at cost using the retail method.(Show your work.)

Question

Jayne's Department Store had net retail sales of $310,000 during the current year.The following additional information was obtained from the accounting records.
  Estimate the company's ending inventory at cost using the retail method.(Show your work.)

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The Answer of Jayne's Department Store had net retail sales of $310,000 during the current year.The following additional information was obtained from the accounting records.
  Estimate the company's ending inventory at cost using the retail method.(Show your work.)

Jayne's Department Store Had Net Retail Sales of $310,000 During