On the basis of the following data, estimate the cost of the merchandise inventory at March 31 by the retail method. 
Definitions:
Nationalized
Refers to industries or sectors that have been transferred from private to government ownership and control.
Boundaries
Limits established by individuals or groups to protect their well-being and define acceptable behavior from others.
Technology Changes
Adjustments or advancements in technological systems, devices, and methods.
New Technologies
Refers to the latest advancements and innovations in various fields such as information technology, biotechnology, robotics, and materials science.
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