3 Your answer is incorrect. Try again. Presented below is Information related to Grouper Inc. Cost Inventory, 12/31/17 Purchases Retall $394,300 1,478,600 $248,900 1,005,985 60,700 18,300 Purchase returns 80,300 Purchase discounts Gross sales revenue Sales returns Markups 1,426,100 97,300 121,000 40,700 45,800 20,000 Markup cancellations Markdowns Markdown cancellations Freight-in 41,500 Employee discounts granted Loss from breakage (normal) 8,100 4,900 Assuming that Grouper Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method1788400