Sheridan Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $386500 ($587000), purchases during the current year at cost (retail) were $3268000 ($5053600), freight-in on these purchases totaled $152500, sales during the current year totaled $4526000, and net markups were $407000. What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places. $1054683. $1521600. $958608. $798273