Send to Gradebook Prev Next Question 7 -/1 View Policies Current Attempt in Progress Presented below is information related to Blue Company. Cost Retail Beginning inventory $252,942 $281,000 Purchases 1,383,000 2,119,000 Markups 94,300 Markup cancellations 15,600 Markdowns 33,200 Markdown cancellations 5,000 Sales revenue 2,228,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to O decimal places, e.g. 78 % and final answer to O decimal places, eg. 28,987) Ending inventory using conventional retail inventory method $