On the basis of the following data, determine the estimated cost of the inventory as of March 31 using the retail method. 
Definitions:
William Perry
His work emphasizes the importance of students transitioning from a dualistic way of thinking to recognizing and embracing the complexity and uncertainty of knowledge.
Relativism
The philosophical idea that points of view have no absolute truth or validity, being only relative to other perceptions.
Assault on Reason
A critique or attack on the use of rational thought and logical argumentation, often implying a decline in public discourse.
Al Gore
A former Vice President of the United States and environmental activist known for his work on climate change awareness.
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