Retail Inventory Method) Presented below is information related to Kuchinsky Company. Cost Retail Beginning inventory $200,000 $280,000 Purchases 1,425,000 2,140,000 Markups 95,000 Markup cancellations 15,000 Markdowns 35,000 Markdown cancellations 5,000 Sales 2,250,000 Instructions Compute the inventory by the conventional retail inventory method