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Crane Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 307000 $481000 1120000

Crane Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 307000 $481000 1120000 1760000 Purchases 22500 Freight-in Employee discounts Net markups Net markdowns Sales revenue The ending inventory at retail should be $747200. O $774800. $802300. $721300. 8700 50000 81000 1480000

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