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Flounder Inc had beginning inventory of $21,400 at cost and $30,600 at retail. Net purchases were $159,600 at cost and 5214,000 at retail. Net markups

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Flounder Inc had beginning inventory of $21,400 at cost and $30,600 at retail. Net purchases were $159,600 at cost and 5214,000 at retail. Net markups were $10.200, net markdowns were $5,300, and sales were $175,000 Calculate the ending inventory at cost using the retail method. (Round intermediate calculation to 2 decimal places, es. 15.21% and the final answer to decimal places, es 5,275) Ending inventorys

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