provided Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Retail Cost $190,000 $280,000 Merchandise inventory, January 1, 2021 Purchases 600,000 840,000 8,000 Freight-in Net markups 20,000 4,000 Net markdowns 800,000 Net sales Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided