Harley Inc. uses the conventional retail method to estimate its ending inventories. The following data has been summarized for December 31, 2018: 
Required:
Estimate the cost of ending inventory applying the conventional retail method.
Definitions:
Range
The difference between the highest and lowest values in a set of data.
Coefficient of Variation
A statistical measure of the dispersion of data points in a data set, relative to its mean, expressed as a percentage.
Standard Deviation
A measure of the dispersion or spread of a set of data points relative to its mean, indicating how spread out the data points are.
Measures of Variability
Statistical metrics that describe the spread or dispersion within a data set, including range, variance, and standard deviation.
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