Blossom Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 312000 $476000 Purchases 1150000 1700000 Freight-in 17000 7000 Employee discounts Net markups 57000 Net markdowns 76000 1620000 Sales revenue The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.) O $388000. O $351920. O $530000. O $798193