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Wildhorse Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $387000 ($591000),


Wildhorse Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $387000 ($591000), purchases during the current year at cost (retail) were $1995000 ($3240000), freight-in totaled $126000, sales during the current year totaled $2940000, and net markups (markdowns) were $69000 ($105000). What is Wildhorse's ending inventory value at cost? (Round intermediate calculations to 4 decimal places, e.g. 52.7552.)

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