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Presented below is information related to Splish Brothers, Inc. Cost Retail Beginning inventory $374,000 $660,000 Purchases 1,672,000 2,948,000 Freight on purchases 71,280 Markups 154,000 Markup

Presented below is information related to Splish Brothers, Inc.

Cost

Retail

Beginning inventory $374,000 $660,000
Purchases 1,672,000 2,948,000
Freight on purchases 71,280
Markups 154,000
Markup cancellations 123,200
Abnormal shortage 13,200 22,880
Markdowns 77,440
Markdown cancellations 10,560
Employee discounts 4,576
Sales revenue 3,146,000
Sales returns 88,000
Normal shortage 15,400
Purchase returns 19,360 36,080

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

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

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