Presented below is information related to Kingbird, Inc. Cost Retail $408,000 1,824,000 77,760 $720,000 3,216,000 Beginning inventory Purchases Freight on purchases Markups Markup cancellations Abnormal shortage Markdowns 168,000 134,400 24,960 14,400 84,480 11,520 4,992 Markdown cancellations Employee discounts Sales revenue Sales returns Normal shortage Purchase returns 3,432,000 96,000 16,800 39,360 21,120 Compute ending inventory by the conventional retail inventory method. decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal p