14 Exercise 9-14 (Algo) Conventional retail method [LO9-3) Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 202: 0.4 points Cost Hetail $230,000 $320,000 619,504 380,000 Merchandise Inventory, January 1, 2021 Purchases Freight-in Net markups Net markdowns Net sales eBook 28,000 12,000 840,000 Hint Required: Determine the December 31, 2021. Inventory by applying the conventional retail method using the information provided (Round ratio calculation to 2 decimal places (le, 01234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Print Cost Cost to Retail Ratio $ Retail 320,000 880,000 References 230,000 $ 810.504 0.000 Beginning inventory Purchases Freight in Netmarkus 28.000 1.220.000 (12.000) 1210.000 Netmarkdowns Goods available for sale 550,104 Costto-retail percentage Net sales (340,000) 370.000 Estimated ending inventory at retail Estimated ending inventory at coat Next >