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Presented below is information related to Bonita Inc. Retail Cost Inventory, 12/31/20 $251,300 $387,300 Purchases 962.468 1,455,600 Purchase returns 58,800 78,800 Purchase discounts 18,000 Gross

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Presented below is information related to Bonita Inc. Retail Cost Inventory, 12/31/20 $251,300 $387,300 Purchases 962.468 1,455,600 Purchase returns 58,800 78,800 Purchase discounts 18,000 Gross sales revenue 1,421,800 98,300 Sales returns 117,600 Markups 40,500 Markup cancellations 45,700 Markdowns 20,200 Markdown cancellations Freight-in 41,400 Employee discounts granted 7,900 Loss from breakage (normal) 4,500 Assuming that Bonita Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to O decimal places, e.g. 28,987.) $ Ending inventory using the conventional retail inventory method

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