Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021 Cost $225,000 617,036 9,400 Retail $315,000 875,000 Merchandise inventory, January 1, 2021 Purchases Freight-in Net markups Net markdowns Net sales 27,000 11,000 835,000 Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost Retail Cost to Retail Ratio $ Beginning inventory Purchases Freight-in Net markups 225,000 $ 617.036 9.400 315.000 875.000 ces Net markdowns Goods available for sale 27.000 1217000 (11.000) 1.206000 851.436 Cost total percentage Natales Estimated ending inventory retail Estimated diventory at cost (835.000) 371.000 5