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Presented below is information related to Grouper Company. Cost Retail Beginning inventory $379,557 $275,000 Purchases 1,356,000 2,161,000 Markups 94,700 Markup cancellations 15,400 Markdowns 36,700 Markdown

Presented below is information related to Grouper Company.

Cost

Retail

Beginning inventory

$379,557 $275,000

Purchases

1,356,000 2,161,000

Markups

94,700

Markup cancellations

15,400

Markdowns

36,700

Markdown cancellations

5,200

Sales revenue

2,170,000

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

$enter the dollar amount of the ending inventory using conventional retail inventory method

$

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