On the basis of the following data, determine the estimated cost of the inventory as of March 31 by the retail method, presenting details of the computation in good order. 
Definitions:
Relational Databases
A kind of database designed to store and allow access to data points that have relationships with each other.
Commercial Software
Software developed and sold for profit, typically offering extensive customer support and regular updates.
Business Processes
Activities, procedures, and tasks that organizations perform to achieve business objectives effectively and efficiently.
Legislation In Canada
The body of laws and regulations enacted by the Government of Canada and provincial authorities.
Q12: In which journal would the payment of
Q15: A note that is not paid when
Q23: The amount of the net income for
Q31: Money orders are considered cash.
Q113: Who is responsible for the freight costs
Q150: A business that requires all cash payments
Q152: The drawing account is a temporary account.
Q169: When merchandise inventory is shown on the
Q183: A cash payments journal would not include
Q191: Systems analysis is the final phase in