Question: gnment ULCE NEEEE Multiple Choice Question 127 Sandhill Co. uses the retail inventory method. The following information is available for the current year. Cost Retail

gnment ULCE NEEEE Multiple Choice Question 127 Sandhill Co. uses the

gnment ULCE NEEEE Multiple Choice Question 127 Sandhill Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 320000 $496000 Beginning inventory 1090000 1770000 Purchases 26000 Freight-in 7600 Employee discounts 68000 Net markups 84000 Net markdowns 1450000 Sales revenue The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, eg. 0.635 and final answer to decimal places) $ 404000. $ 1296890 $ 484156 Ver $ 792400. of Ihn Wiley & Sons, Inc

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