Estimating Inventory Using Retail Inventory Method-Conventional Wally-Mart values its inventory using the conventional retail inventory method. It discloses the following data for a recent period. At Cost At Retail Beginning inventory 5282,800 $420,000 Purchases 904,400 1,576,400 Purchase returns 16,800 28.000 Freight in 22.400 Additional markups 33,600 Additional markup cancellations 14,000 Markdowns 25,200 Markdown cancellations 5,600 Sales 1,512,000 Sales returns (and restored to inventory) 16,800 Compute estimated ending inventory for the period-end using the conventional retail inventory method. $0 Check