Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021 Cost $340,000 669,000 23,000 Retail $295,000 960,000 Merchandise inventory, January 1, 2021 Purchases Freight in Het markups et markdowns Tet sales 35,000 5,500 950,000 Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided (Round ratio calculation to 2 decimal places (ie, 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost Conto Retail Ratio 5 Retail 295,000 900,000 Beginning inventory Purchases Freight Ne pre 340,000 $ 000.000 23,000 35,000 1290,000 (5,500) 1,264,500 Not markdown Goods available for sale 1,032.000 % Costopercentage (950.000) 334 500 $ Estimated ending inventory area Estimated ending inventory at cost