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Boxer Inc. uses the conventional retail method to determine its ending inventory at cost Assume the beginning inventory at cost (retail) were $393,500 ($594,000), purchases uring the current year at cost (retail) were $3,408,000 ($5,193,600), freight-in on these purchases totaled $159,500, sales during the current year totaled $4,666,000, and net arkups were $414,000. What is the ending inventory value at cost? a. $1,535,600 C. $981,248 d. $1,050,350. eterstic of a plant asset