Question: Al's Sporting Goods uses the conventional retall inventory method. Expressed in millions of dollars, information about Al's 2024 inventory account is expressed in the table

Al's Sporting Goods uses the conventional retall inventory method. Expressed in millions of dollars, information about Al's 2024 inventory account is expressed in the table below: Cost Retail Beginning inventory $130 $240 Purchases 1,310 2,920 Freight-in 105 Purchase returns 120 265 Net markups 480 Net markdowns 250 Normal spoilage 135 Net sales 2,690 What is the cost of Al's inventory at 12/31/2024?

None of the other answer choices are correct $300 million 127 million 477 million

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