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Sandhill Inc uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost. (retail) was $389500 ( $590000

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Sandhill Inc uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost. (retail) was $389500 ( $590000 ), purchases during the current year at cost (retail) were $3328000($5113600), freight-in totaled $155500, sales during the current year totaled $4586000, and net markups were $410000. What is the company's ending inventory value at cost? (Round cost-to-retoil ratio percentoges to 1 decimal ploces, es. 52.7\% = 0.527) $1067085 $1527600 5807145 $968498

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