Presented below is information related toSheridanCompany.

Cost Retail

Beginning inventory. $380,418. $282,000

Purchases. 1,353,000. 2,150,000

Markups 96,700

Markup cancellations 16,500

Markdowns 33,200

Markdown cancellations 4,600

Sales revenue 2,206,000

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.)

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