meginy 3200,000, sales, Purchases, as returns 20,000, rurchase returns 333, Average Gross Prom margin 33 A > Problem #3: 20pts SMCC Retail Corp had the following info: Beg inventory cost $400,000, retail-$790,000 Net Purchases @cost $1,475,000, retail $2,350,000 In addition, Mark-ups were $95,000 and Mark-up cancellations were $5,000, Mark-downs were $50,000 and Mark-down cancellations were $10,000 Net Sales were $2,250,000 REQUIRED: Compute Ending Inventory value using the retail inventory method MicBook Pro