Question: Current Attempt in Progress Crane Inc. uses the conventional retail method to determine its ending inventory at cost . Assume the beginning inventory at cost

 Current Attempt in Progress Crane Inc. uses the conventional retail method

Current Attempt in Progress
Crane Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $392500( $593000), purchases during the current year at cost (retail) were ), freight-in totaled $158500, sales during the current year totaled $4646000, and net markups were $413000. What is the company's ending inventory value at cost?(Round cost-to-retail ratio percentages to 1 decimal places, eg.8.7%=0.527.)
$976903
$1077868
$814787
$1533600
Attempts: 0 of 1 used
to determine its ending inventory at cost. Assume the beginning inventory at

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