Manila Bread Company uses the average cost retail method to estimate its ending inventories. The following data has been summarized for the year 2013: 
Required:
Estimate the ending inventory as of December 31, 2013.
Definitions:
Think Before They Act
A principle that emphasizes the importance of reflection and planning before taking any action to ensure thoughtful and informed decisions.
Emotional Style
An individual's characteristic way of perceiving and expressing emotions in daily life.
Fine-tune
Making small adjustments to something to improve its performance or effectiveness.
Uninvolved Third Parties
Individuals or entities that are not directly engaged in a particular situation, process, or dispute.
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