Sheridan uses the comventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $395000($599000), purchases during the current year at cost (retail) were $2155000($3400000), freight-in on these purchases totaled $134000, sales during the current year totaled $3100000, and net markups (markdowns) were $77000 ( $113000 ). 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 piaces. $591542. $863000. $567854. 5656026