Presented below is information related to Waveland inc. Cost Retail Inventory, 12/31/20 $250.000 $390.000 Purchases 914.500 60,000 1.460,000 Purchase returns 80,000 Purchase discounts 18,000 Gross sales revenue 1,410,000 Sales returns 97.500 Markups 120,000 Markup cancellations 40,000 Markdowns 45.000 Markdown cancellations Freight-in Employee discounts granted Loss from breakage Inormal) 20,000 42.000 8,000 4,500 Assuming that Waveland inc. uses the conventional retail inventory method.cormpute the cost of its ending inventory at December 31. 2021. (Round ratios for computational purposes to O decimal places, es 78% and final answer to O decimal places, eg 28,987) Ending inventory using the conventional retail ioventory method