Question 30 of 30 - / 10 View Policies Current Attempt in Progress When you undertook the preparation of the financial statements for Sheridan Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $78,900 $98,100 Markdowns 35,200 Markups 62,500 Markdown cancellations 20,300 Markup cancellations 10,400 Purchases 222,000 280,000 Sales revenue 320,000 Purchases returns and allowances 4,100 6,200 Sales returns and allowances 9,600 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost $ $