+ Module 2 -CH 9 HW Question 7 of 9 -/2 Swifty Corporation began operations on January 1, 2020, with a beginning inventory of $34,640 at cost and $50,200 at retail. The following information relates to 2020. Net purchases ($107,400 at cost) Net markups Net markdowns Sales revenue Retail $151,600 10,200 4,900 128.400 (a) Assume Swifty decided to adopt the conventional retail method. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail method $