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Presented below is information related to Splish Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000 2,145,000 Markups 95,100 Markup cancellations 14,800 Markdowns 32,900 Markdown

Presented below is information related to Splish Company.

Cost

Retail

Beginning inventory

$362,797 $286,000

Purchases

1,370,000 2,145,000

Markups

95,100

Markup cancellations

14,800

Markdowns

32,900

Markdown cancellations

5,100

Sales revenue

2,193,000

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

$enter the dollar amount of the ending inventory using conventional retail inventory method

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