Question: Cullumber Pet Supply, Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $797800

 Cullumber Pet Supply, Inc. uses the conventional retail method to determine

Cullumber Pet Supply, Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $797800 (\$981700), purchases during the current year at cost (retail) were $3225800($4178300). freight-in totaled $192700, sales during the current year totaled $4076000, and net markups (markdowns) were $6100 (\$289900). What is Cullumber's ending inventory value at cost? (Round cost-to-retail ratio percentages to 1 decimal ploces, eg 52.7%=0.527 ) $800200$1084000$884544$652963

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