Presented below is information related to Metlock, Inc. Cost Retail $340,000 1,520,000 64,800 $600,000 2,680,000 12,000 Beginning inventory Purchases Freight on purchases Markups Markup cancellations Abnormal shortage Markdowns Markdown cancellations Employee discounts Sales revenue Sales returns Normal shortage Purchase returns 140,000 112,000 20,800 70,400 9,600 4,160 2,860,000 80,000 14,000 32,800 17,600 Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places, e.g. 5,275.) Ending inventory