Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 301000 $482000 Beginning inventory 1100000 1720000 Purchases Freight-in 14500 Employee discounts 8700 Net markups 64000 80000 Net markdowns Sales revenue 1620000 The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to O decimal places.) $348313. $370187. $340759. $381000