Problem 9-9 Presented below is information related to Sandhill Inc. Retail $384,400 1,450,600 Cost Inventory, 12/31/17 Purchases Purchase retums Purchase discounts Gross sales revenue Sales retums $245,700 818,428 61,000 18,100 79,700 1,411,200 97,900 118,900 40,400 44,800 20,100 Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 41,900 8,100 4,600 Assuming that Sandhill Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using the conventional retail inventory method Question Attempts: 0 of 7 used