Pharoah Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $306000 $484000 Purchases 1140000 1770000 Freight-in 13500 8100 Employee discounts Net markups 68000 Net markdowns 78000 Sales revenue 1530000 The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to O decimal places.)