Question 1 Presented below is information related to Novak Inc. Cost $252,200 816,436 59,000 18,300 Retail $383,000 1,461,200 80,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) TTTTT: 1,406,400 98,700 121,100 39,400 44,700 20,300 42,200 8,100 4,600 Assuming that Novak Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to o decimal places, e.g 78% and final answer to o decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method Click if you would like to Show Work for this question: Open Show Work