Problem 9-9 x Your answer is incorrect. Try again. Presented below is information related to Sheridan Inc. Cost $252,200 835,506 59,700 18,000 Retail $392,200 1,455,300 79,000 Inventory, 12/31/17 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 1,418,600 96,800 117,800 40,500 45,100 19,600 42,100 7,900 4,500 Assuming that Sheridan Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) X Ending inventory using the conventional retail inventory method