Based on the following data, calculate the estimated cost of the merchandise inventory on March 31 using the retail method.
Definitions:
Appeasement
A diplomatic policy aimed at avoiding conflict by making concessions to another nation.
U.S. Air Forces
The aerial warfare service branch of the United States Armed Forces, responsible for conducting air operations in defense of the country and its interests.
Nazi-Soviet Nonaggression Pact
An agreement signed in 1939 between Nazi Germany and the Soviet Union, promising not to engage in military action against each other, which was broken when Nazi Germany invaded the Soviet Union in 1941.
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