Question: Question 10 --/1 View Policies Current Attempt in Progress Crane uses the conventional retail method to determine its ending inventory at cost. Assume the beginning

Question 10 --/1 View Policies Current Attempt in Progress Crane uses

Question 10 --/1 View Policies Current Attempt in Progress Crane uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $389000 ($593000), purchases during the current year at cost (retail) were $2035000 ($3280000), freight-in on these purchases totaled $128000, sales during the current year totaled $2980000, and net markups (markdowns) were $71000 ($107000). What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to O decimal places. $637295. $554479. $857000. $577771

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