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CullumberCo. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 311000 $497000 Purchases 1160000 1560000 

CullumberCo. uses the retail inventory method. The following information is available for the current year.   Cost Retail Beginning inventory  $311000 $497000 Purchases 1160000 1560000 Freight-in  24500  Employee discounts  8200 Net markups   72000 Net markdowns   82000 Sales revenue   1440000 The ending inventory at retail should be? $598800. $680800. $633300. $600700.

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