Cullumber uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $391000 ($595000). purchases during the current year at cost (retail) were $2075000 ($3320000), freight-in on these purchases totaled $130000, sales during the current year totaled $3020000, and net markups (markdowns) were $73000 ($109000). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places. O $582645 O $643839 O $859000. $559209. Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2017 Included the following: Debit Credit Sales revenue $280,000 Cost of goods sold $170,000 Administrative expenses 40,000 18,000 Loss on sale of equipment Commissions to salespersons 16,000 Interest revenue 10,000 Freight-out 6.000 Loss from discontinued operations 24,000 Bad debt expense 6.000 Totals $280.000 $290.000 Other information: Logan's income tax rate is 30%. Finished goods inventory: January 1, 2017 $160,000 December 31, 2017 140,000 On Logan's multiple-step income statement for 2017, the amount reported for the discontinue operations loss is $16,800 How would you properly cite accounting guidance from the accounting standard codification (ASC)? List the following components in the appropriate sequence: (i) Section number (ii) topic number (iii) subtopic number (iv) subsection number O ASC (1)-(iv)-(ii)-(iii) O ASC (ii)-(1)-(iii)-(iv) O ASC (ii)-(iii)-()-(iv) O ASC (1)-(ii)-(iii)-(iv)