Question: Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost(retail) were $260000 ($396000), purchases during the

Dicer uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost(retail) were $260000 ($396000), purchases during the current year at cost (retail) were $1370000 ($2200000) freight in on these purchases totaled $86000 sales during the current year totaled $200000 and net markups (markdowns) were $48000 ($72000) what is the ending inventory value at cost?

A) $371228

B) $378092

C) $386804

D) $572000

I know the answer is a but i am not sure why. Can somebody explain why the answer is A???

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