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Presented below is information related to Tamarisk Company. Cost Retail Beginning inventory $179,932 $280,000 Purchases 1,363,000 2,128,000 Markups 94,400 Markup cancellations 13,800 Markdowns 32,300 Markdown

Presented below is information related to Tamarisk Company.

Cost

Retail

Beginning inventory

$179,932 $280,000

Purchases

1,363,000 2,128,000

Markups

94,400

Markup cancellations

13,800

Markdowns

32,300

Markdown cancellations

5,200

Sales revenue

2,162,000

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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