Please help

stimate - Conventional retail method (15 points) uses the conventional retail method to estimate endin n summarized for year ended December 31,2018: data has been Retail Cost Inventory, January 1 Purchases $ 80,000 126,000 244,000 166,000 9,100 Net markups Net markdowns 8,200 13,200 238,000 Normal spoilage Net sales Required: Estimate the cost of ending inventory applying the conventional retail method. (note: normal spoilage should be deducted from goods available for sale (at retail) after calculating cost-to-retail percentage)