Testbank Multiple Choice Question 112 Oriole Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $799800 ($983700), purchases during the current year at cost (retail) were $3265800 ($4218300), freight-in on these purchases totaled $194700, sales during the current year totaled $4116000, and net markups (markdowns) were $6300 ($291900). 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. $ 800400 $ 654727. $1086000 $ 888348