Question $26$ of $100$

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Crane Company uses the conventional retail method to determine its ending inventory at cost$.$ Assume the beginning inventory at cost $($retail$)$ was $$389000($ $$593000),$ purchases during the current year at cost $($retail$)$ were $$2035000($$$3280000),$ freight$-$in totaled $$128000,$ sales during the current year totaled $$2980000,$ and net markups $($markdowns$)$ were $$71000($ $$107000).$ What is Crane's ending inventory value at cost$?($Round intermediate calculations to $4$ decimal places, e$.$g$.52\mathrm{.}7552.)$

$$857000$

$$554565$

$$564660$

$$577860$