Question: Determine the ending inventory under the conventional retail method for the furniture department of Bramble Department Stores from the following data. ( Round ratio of

Determine the ending inventory under the conventional retail method for the furniture department of Bramble Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.)

	Cost	Retail
Inventory, Jan. 1	$154,800	$272,600
Purchases	1,360,000	2,187,600
Freight-in	70,000
Markups, net		93,200
Markdowns, net		46,600
Sales revenue		2,225,200

Ending inventory

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