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Sandhill Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 316000 $ 496000

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Sandhill Co. uses the conventional retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 316000 $ 496000 Purchases 1140000 1750000 Freight-in 22500 Employee discounts 7400 Net markups 62000 Net markdowns 70000 Sales revenue 1660000 The ending inventory at retail should be O $570600. O $ 640600. O $ 570900 O $ 601100

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