Presented below is information related to Sheridan Company Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue $225,045 $279,000 1,380,000 2,108,000 96,100 13,800 35,000 4,500 2,167,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g, 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method