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1. Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk...

1. Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk Department Stores from the following data.

Cost Retail
Inventory, Jan. 1 $152,400 $287,600
Purchases 1,426,400 2,070,000
Freight-in 70,900
Markups, net 95,900
Markdowns, net 46,500
Sales revenue 2,093,100

Ending inventory --> _______
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