HWA Help Campbell Corporation uses the retail method to value its inventory. The following information is valable for the year 2018 Merchandise inventory. January 1, 2018 Purchases Freight-in Net arkups Net markdowns Net sales 633, 15.ee 896, 27.00 4,700 870, Required: Determine the December 31, 2018 Inventory by applying the conventional retail method. Cont Retal Costa Ratio Beginning inventory Plus: Purchases Freight Net markup Less: Net markdowns Goods available for sale Cost to retail percentage Less: Net sales Estimated ending inventory retail Estimated ending inventory at cost