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resented below is information related to Pronghorn Inc. Cost Retail Inventory, 12/31/17 $250,900 $396,700 Purchases 943,206 1,469,100 Purchase returns 61,200 80,800 Purchase discounts 18,200 Gross

resented below is information related to Pronghorn Inc.

Cost

Retail

Inventory, 12/31/17

$250,900

$396,700

Purchases

943,206

1,469,100

Purchase returns

61,200

80,800

Purchase discounts

18,200

Gross sales revenue

1,414,000

Sales returns

99,200

Markups

120,500

Markup cancellations

39,200

Markdowns

44,900

Markdown cancellations

20,400

Freight-in

42,400

Employee discounts granted

7,800

Loss from breakage (normal)

4,700

Assuming that Pronghorn Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail inventory method

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