Intermediate Accounting I Graded Homework # 5; Due Date: In Class on Tuesday November 19, 2019 Presented below is information related to EDK Inc. Cost Retail $ 165,000 804,500 45,000 12,000 $260,000 1,261,000 71,000 Inventory Purchases Purchase Returns Purchase Discounts Gross Sales Sales Returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage 1,240,000 51,500 68,000 16,000 86,000 21,000 39,000 11,000 8,500 Assuming that EDK, Inc. uses the conventional retail method, compute the cost of its ending inventory at December 31, 2021