HW Part 2 NWP Assessment Player Ul Application Question 5 of 7 X Your answer is incorrect. Presented below is information related to Ivanhoe Company. Cost $280,390 1,397,000 Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales revenue Retail $283,000 2,178,000 96,800 16,300 33,000 5,500 2,226,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to o places, c.8.78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method 5 173250 eTextbook and Media