Question: IvanhoePet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $786800($970700), purchases during

IvanhoePet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $786800($970700), purchases during the current year at cost (retail) were $3005800($3958300), freight-in on these purchases totaled $181700, sales during the current year totaled $3856000, and net markups (markdowns) were $5000($278900). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.

I came up with $799,100 but I dont think it is correct

$799100.

$643276.

$1073000.

$863765.

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