Beginning inventory = $30,215 Purchases = $217,456 Sales = $311,100 Markup on Cost (Profit as a percentage of cost) = 60% Provide an estimate for cost of goods sold. Canon Company uses the conventional retail inventory method. Cost Retail Beginning Inventory $10233 $24,765 Net Purchases $50000 $99,416 Freight-In $2355 Net Markups $12,671 Net Markdowns $3,241 Spoilage $300 Theft $1,685 Employee Discounts $646 Sales $50000 What is the value of ending inventory at retail? Do not round your cost to retail ratio - leave all the decimals in your calculator or excel model. Round your final answer to the nearest whole number