Question: Barker Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $265600 ($326900),

Barker Pet supply uses the conventional retail method to determine its at cost. Assume the beginning inventory at cost (retail) were $265600 ($326900), purchases during the current year at cost (retail) were $1068600 (1386100), freight-in on these purchases totaled $63900, sales during the current year totaled $1302000, and net markups (Markdowns) were $2000 ($96300). What is the value at cost?
A. 316700
B. 258111
C. 411000
D. 246667

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