Presented below is information related to Flounder Company. Cost $194,276 1,368,000 Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Retail $276,000 2,164,000 93,900 14,100 32,800 5,000 2,239,000 Sales revenue Compute the inventory by the conventional retail inventory method. (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 conventional retail inventory method $