On January 1, 2017. Goodbye Electronics Outlets adopted the conventional retail method of accounting for its merchandise inventory.

Determine the company's ending inventory under the conventional retail method. (Round percentages to two decimal places.)

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Retail Cost $ 45,730 $ 68,000 Inventory, 1/1/2017 17.850 Markdowns Addit onal markups 28,500 Markdown cancellat ons 6,500 Markup cancellations 3,500 Net purchases 155,500 190,000 Sales 195,500