Cost Retail Inventory, 12/31/17 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) $246,800 886,480 60,200 17,800 $384,600 1,445,300 80,700 1,411,800 97,600 120,300 40,200 45,400 20,000 42,300 8,100 4,000 Assuming that Shamrock Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, eg, 28,987) Ending inventory using the conventional retail inventory method 766020