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Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $191,000 $223,000 Purchases 1,380,000 2,143,000 Markups 94,100 Markup cancellations 15,900 Markdowns 34,100 Markdown

Presented below is information related to Sandhill Company. Cost Retail Beginning inventory $191,000 $223,000 Purchases 1,380,000 2,143,000 Markups 94,100 Markup cancellations 15,900 Markdowns 34,100 Markdown cancellations 5,900 Sales 2,160,000 Calculate the inventory by the retail inventory method. (Round the cost-to-retail ratio to answer to 0 decimal places, e.g. 5,125.) Ending inventory at retail $

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