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Portman Inc. uses the conventional retail Inventory method. Expressed in millions of dollars, information about Portman's 2021 inventory account is expressed in the table below

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Portman Inc. uses the conventional retail Inventory method. Expressed in millions of dollars, information about Portman's 2021 inventory account is expressed in the table below Cost $ 85 1,220 6e 75 Retail $ 150 2.470 Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Net sales 175 345 160 90 2,240 What is the value of Portman's inventory at 12/31/20212 Multiple Choice None of these answer choices are correct $200 million

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