Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost was $200,000 and $250,000 at retail, purchases during the current year at cost were $1,400,000 and $1,698,000 at retail. Sales during the current year totaled $1,600,000, and net markups were $52,000 while net markdowns were $36,000. What is the ending inventory value at cost? $364,000. $291,200. $300,118 $296,538