1. A fire destroys all of the merchandise of Carla Company on February 10, 2017. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2017		$420,400
Sales revenue to February 10, 2017		1,946,800
Purchases to February 10, 2017		1,196,900
Freight-in to February 10, 2017		56,150
Rate of gross profit on selling price		35%

What is the approximate inventory on February 10, 2017?

Inventory at February 10, 2017 --> __________ 2. 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 --> _______