Ivanhoe uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $392000 ($598000). purchases during the current year at cost (retail) were $2095000 (53340000), freight-in on these purchases totaled $131000. sales during the current year totaled $3040000, and net markups (markdowns) were $74000 ($110000). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, eg 0,635 and final answer too decimal places $561580 $647123 5585088 $860000