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Sunland uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $396000 ($600000), purchases during

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Sunland uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $396000 ($600000), purchases during the current year at cost (retail) were $2175000 ($3420000), freight-in on these purchases totaled $135000, sales during the current year totaled $3120000, and net markups (markdowns) were $78000 ($114000). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to O decimal places. O $659340. O $594000. O $570240. O $864000

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