Exercise 9-22 The records of Oriole's Boutique report the following data for the month of April Purchases (at cost) Sales revenue $89,500 $49,400 Purchases (at sales price) Sales returns 1,900 95,900 Purchase returns (at cost) Markups 1,900 10,500 Purchase returns (at sales price) Markup cancellations 1,600 2,900 Markdowns 8,700 Beginning inventory (at cost) 28,799 Markdown cancellations 2,700 Beginning inventory (at sales price) 46,400 Freight on purchases 2,300 Compute the ending 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