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Presented below is information related to Skysong, Inc. Cost Retail Beginning inventory $365,500 $645,000 Purchases 1,634,000 2,881,000 Freight on purchases 69,660 Markups 150,500 Markup cancellations

Presented below is information related to Skysong, Inc.

Cost

Retail

Beginning inventory $365,500 $645,000
Purchases 1,634,000 2,881,000
Freight on purchases 69,660
Markups 150,500
Markup cancellations 120,400
Abnormal shortage 12,900 22,360
Markdowns 75,680
Markdown cancellations 10,320
Employee discounts 4,472
Sales revenue 3,074,500
Sales returns 86,000
Normal shortage 15,050
Purchase returns 18,920 35,260

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.) What is the ending inventory?

Ending inventory $ enter the ending inventory in dollars rounded to 0 decimal places

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