Cullumber Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 317000 $482000 Purchases 1120000 1600000 Freight-in 26000 Employee discounts 8600 Net markups 69000 Net markdowns 87000 Sales revenue 1510000 The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.) $359352. $404000. $398986. $370872.