Question 26 Pharoah Inc. uses the conventional retall method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $385500 ($586000). purchases during the current year at cost (retail) were $3248000 ($5033600), freight-in on these purchases totaled $151500, sales during the current year totaled $4506000, and net markups were $406000. What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to O decimal places. $ 1049451 O $954309 $ 794483 $ 1519600