Apply the retail method to the following company information to calculate the cost of the ending inventory for the current period:
Definitions:
Units per Year
A measure of production output or activity volume, indicating the number of units produced or sold within a year.
ROI Computation
The calculation of Return on Investment, which measures the gain or loss generated on an investment relative to the amount of money invested.
Net Book Value
The value of an asset after accounting for depreciation or amortization found on a company's balance sheet.
Operating Expense
Expenses incurred from a company's operational activities, excluding cost of goods sold, such as selling, general, and administrative expenses.
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