2ots Question 47 A rtment stores records reflected the following listed alphabetically for the quarter ended March 31, 2020 $ Freight on purchases Inventory, January 1, 2019, at cost Inventory, January 1, 2019, at retail Net markdowns Net markups Normal shortage Purchase discounts Purchase returns, at cost Purchase returns, at retail Purchases, at cost Purchases, at retail Sales returns Sales revenue (gross) 45,000 250,000 467.000 80,000 24,000 16,000 19,000 65,000 92,000 855,000 1,420,000 104,000 1,597,000 Assume the department store calculates its ending inventory using the conventional retail method. Calculate the store's estimated ending inventory at retail at March 31, 2020 MacBook Pro