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View Policies Current Attempt in Progress Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost . Assume the beginning inventory

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Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $395500($596000), purchases during the current year at cost (retail) were $3448000($5233600), freight-in ofy these purchases totaled $161500, sales during the current year totaled $4706000, and net markups were $416000. 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.
$823749.
$1539600.
$1090405.
$986884.
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