Not yet answered Points out of 80 Hos question Boxer Inc. uses the conventional retail method to determine its ending inventory. Assume all purchases are f.o.b. shipping point and the following information. What is the estimated ending inventory? Cost Retail Inventory, beginning of the year $ 393,500 $594,000 Purchases 3,408,000 5,193,600 Freight-in 98,500 Net markups 712,400 Net markdowns 500,000 Net sales 5,400,000 Select one: a. $660,000 b. $360,000 c. $390,000 d. $715,000