Question: Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost.assume the beginning inventory at cost retail was $395500 ($596000) purchses during

Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost.assume the beginning inventory at cost retail was $395500 ($596000) purchses during the current year at cost retail were $3448000 ($5233600) freight in totaled $161500 sales duren the current year totaled $4700600 and net markups were $416000. What the company ending inventory value at cost $1539600, $986884, $823749 or $1090405

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