Probiem 9* X Your answer is incorrect. Try again. Presented below is information related to Buffalo Inc Retail Cost Inventory, 12/31/17 $246,200 $394,300 Purchases 951,116 1,478,700 Purchase returns 60,000 80,300 Purchase discounts 18,300 Gross sales revenue 1,426,200 Sales returns 97,300 Markups 119,800 Markup cancellations 40,700 Markdowns 45,800 Markdown cancellations 20,000 Freight-in 41,500 Employee discounts granted 8,100 Loss from breakage (normal) 4,600 Assuming that Buffalo Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to o decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method