Based on the following data, calculate the estimated cost of the merchandise inventory on March 31 using the retail method. 
Definitions:
Performance Scores
Quantitative measures used to assess the level of an individual’s success in executing a particular task or activity.
Stanford-Binet
A standardized test designed to measure intelligence and cognitive abilities in children and adults, originating from Alfred Binet's work.
WAIS
The Wechsler Adult Intelligence Scale, a standardized test designed to measure intelligence and cognitive ability in adults.
SAT
A standardized test commonly used for college admissions in the United States, assessing mathematical, writing, and reading skills.
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