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As of January 1,2020, Ivanhoe Inc. adopted the retail method of accounting for its merchandise inventory. To prepare the store's finarkial statements at June 30,2020 , you obtain the following data. Compute Ivanhoe's June 30,2020, inventory under the conventional retail method of accounting for inventories. (Round rotios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal ploces, eg. 28,987.) Inventory under the conventional retail method