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Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000...

Presented below is information related to Sandhill Company.

Cost

Retail

Beginning inventory

 $362,797 $286,000

Purchases

 1,370,000 2,145,000

Markups

 95,100

Markup cancellations

 14,800

Markdowns

 32,900

Markdown cancellations

 5,100

Sales revenue

 2,193,000


Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method
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