Presented below is information related to Sandhill Company.Beginning inventoryPurchasesMarkupsMarkup cancellationsMarkdownsMarkdown cancellationsSales revenueCost$$362,7971\mathrm{.}370\mathrm{.}000$Retail$$286\mathrm{.}0002,145\mathrm{.}00095,10014,80032\mathrm{.}9005\mathrm{.}1002\mathrm{.}193\mathrm{.}000$Compute the inventor by the conventional retail inventory method. $($Round ratios for computational purposes to O decimalplaces, e$.$g$.78\%$ and final answer to $0$ decimal places, e$.$g$.28,987.)$Ending inventory using conventional retail inventory method