Pharoah Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 306000 $484000 Beginning inventory Purchases 1140000 1770000 13500 8100 Freight-in Employee discounts Net markups Net markdowns Sales revenue 68000 78000 1530000 The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, eg. 0.635 and final answer to decimal places.) $1109906. O $448952 O $705900 O $384000