Not syncing W - CH 9 1 Saved Help Save & Exit Submit Check my work 9 Campbell Corporation uses the retail method to value its inventory. The following Information is available for the year 2021: Cost Retail Merchandise inventory, January 1, 2021 $230,000 $320, 000 Purchases 570, 880 880, 000 Freight - in points 9, 600 Net markups 28, 000 Net markdowns 12, 000 Net sales 840, 000 eBook Hint Required: References Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost-to-Retail Cost Retall Ratio Beginning Inventory $ 230,000 $ 320,000 Purchases 570,880 880,000 Freight-in 9,600 Net markups 28,000 1,228,000 Net markdowns (12,000 Goods available for sale 810,480 1,216,000 Cost-to-retail percentage % Mc Graw Hill HOLDCHO e ~ ENG 1 0 11:00 AM 4/10/2022 2