Problem 9-9 Presented below is information related to Sheffield Inc. Cost $246,500 839,858 Retail Inventory, 12/31/17 Purchases Purchase returns Purchate discounts Gress sales ravenuc Salas retums Markups Markup cancellatians 389,90D 1,436,b00 79,200 17,800 1,388,700 06,300 118,300 40.200 44,600 2D,000 Markdown cancellations 41,600 Employee discounts granted 7,800 5,000 Loss from breakage (normal) Assuming t at s o old nc. uses thconventian retal i a tory metho comp te the cost n ts ending invent Ending inventory using the conventional retail nvetory method at December 31, 2018 Round ratios orcomputationa pu oses to o a ac ma p aces e g 78% ana na ar sw or too ( e na laces e , 28,087