.,. Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were S390,000 (S594,000), purchases during the current year at cost (retail) were S2,055,000 (S3,300,000), freight-in on these purchases totaled $129,000, sales during the current year totaled S3,000,000, and net markups (markdowns) were $72,000 (S108,000). What is the ending inventory value at cost? A) S556,842. B) S567,138. C) S580,206 D) $858,000. 23. The following data concerning the retail inventory method are taken from the financial records of Welch Company Cost Beginning inventory S S280,000 196,000 1,280,000 80,000 56,000 1,334,000 896,000 24,000 Purchases Freight-in Net markups Net markdowns Sales The ending inventory at retail should be A) $296,000. B) $240,000. C) $256,000. D) $168,000. Page 10