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Roberts Electronics uses the retail method to determine inventory cost. The following information is available...

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Accounting

Roberts Electronics uses the retail method to determine inventory cost. The following information is available for the month of January 2021:
Beginning inventory, at cost $67,000
Goods purchased at cost (net of allowances) 170,912
Net sales 298,000
Beginning inventory, at retail 113,000
Goods purchased, at retail 318,000
Calculate the estimated cost of the January 31, 2021, inventory using the retail inventory method. (Round cost-to-retail ratio to 1 decimal place, e.g. 2.5 and final answer to 0 decimal places, e.g. 5,125.)
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