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Blossom Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $783800 ($967700),
Blossom Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $783800 ($967700), purchases during the current year at cost (retail) were $2945800 ($3898300), freight-in on these purchases totaled $178700, sales during the current year totaled $3796000, and net markups (markdowns) were $4700 ($275900). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.
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