Presented below is information related to Kingbird, Inc. Cost Retail Beginning inventory $510,000 $900,000 Purchases 2,280,000 4,020,000 Freight on purchases 97,200 Markups 210,000 Markup cancellations 168,000 Abnormal shortage 18,000 31,200 Markdowns 105,600 Markdown cancellations Employee discounts Sales revenue 14,400 6,240 4,290,000 Sales returns Normal shortage 120,000 21,000 Purchase returns 26,400 49,200 Compute ending inventory by the conventional retail inventory method. (F place, e.g. 0.4158 to 41.6% and final answer to O decimal places, e.g. 5,275.) Ending inventory $