Question 2 of 3 - / 1 Presented below is information related to Skysong, Inc. Cost Retail Beginning inventory $365,500 $645,000 Purchases 1,634,000 2,881,000 Freight on purchases 69,660 Markups 150,500 Markup cancellations 120,400 Abnormal shortage 12,900 22,360 Markdowns 75,680 Markdown cancellations 10,320 Employee discounts 4,472 Sales revenue 3,074,500 Sales returns 86,000 Normal shortage 15,050 Purchase returns 18,920 35,260 Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places, e.g. 5,275.) Ending inventory $