Exercise 9-21 Presented below is information related to Wildhorse Company. Cost Retail Beginning inventory Purchases $131,980 1,361,000 Markups Markup cancellations Markdowns $286,000 2,123,000 95,000 15,700 38,400 4,700 2,216,000 Markdown cancellations Sales revenue Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $