Apply the retail method to the following information and calculate the cost of the ending inventory: 
Definitions:
Net Present Value
The calculation used to determine the current worth of a future stream of cash flows, adjusted for the time value of money.
Depreciation Tax Shield
The reduction in income taxes that results from taking a deduction for depreciation on the company's tax return, effectively reducing taxable income.
Cash Outlays
Payments in cash for expenses or investments made by a business or individual.
Auto Leases
Contracts that allow a person to use a car for a set period of time in exchange for regular payments, without owning the vehicle.
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