X uses the conventional retail inventory method.

What amount would x record its inventory on its 12/31/20 balance sheet?

\begin{tabular}{lrr} & \multicolumn{1}{c}{ Cost } & \multicolumn{1}{c}{ Retail } \\ Beginning inventory & 55 & 90 \\ Purchases & 1,160 & 2,170 \\ Freight-in & 30 & \\ Purchase returns & 45 & 115 \\ Net markups & & 225 \\ Net markdowns & & 100 \\ Normal spoilage & & 60 \\ Net sales & & 1,940 \end{tabular}