Determine the ending inventory under the conventional retail method for the furniture department of Pronghorn Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.) Cost Retail Inventory, Jan. 1 $156,000 $296,600 Purchases 1,467,200 2,206,900 Freight-in 68,200 Markups, net 95,500 Markdowns, net 46,100 Sales revenue 2,151,100

Question 17 Determine the ending inventory under the conventional retail method for the furniture department of Pronghorn Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.) Inventory, Jan. 1 Purchases Freight-in Cost Retail $156,000 $296,600 1,467,200 2,206,900 68,200 95,500 46,100 2,151,100 Markups, net Markdowns, net Sales revenue Ending inventory Click if you would like to Show Work for this question: Open Show Work