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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) were $389500 ($590000), purchases
Sandhill Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $389500 ($590000), purchases during the current year at cost (retail) were $3328000 ($5113600), freight-in on these purchases totaled $155500, sales during the current year totaled $4586000, and net markups were $410000. What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, eg.0.635 and final answer to 0 decimal places. O $968498 O $1067085 O $1527600. O $807145
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