Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to current year's operations: Retail 318.50 $ 580,50 32.000 22,000 542.00 Beginning inventory and purchases Net markups Not markdowns Net sales What amount should be reported as cost of goods sold for the year? $291 890 5293 280 $292 340 None of these answer choices are correct