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Presented below is information related to Company A Cost Retail Inventory, 12/31/17 $254,100 $386,700 Purchases 863,627 1,450,300 Purchase returns 59,400 79,600 Purchase discounts 17,900 Gross

Presented below is information related to Company A

Cost

Retail

Inventory, 12/31/17

$254,100

$386,700

Purchases

863,627

1,450,300

Purchase returns

59,400

79,600

Purchase discounts

17,900

Gross sales revenue

1,413,700

Sales returns

99,400

Markups

118,700

Markup cancellations

40,800

Markdowns

44,900

Markdown cancellations

20,400

Freight-in

42,400

Employee discounts granted

8,000

Loss from breakage (normal)

4,400

Assuming that Company A uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail inventory method $

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