Question 4 Determine the ending inventory under the conventional retail method for the furniture department of Kingbird Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 61.25 and final answer to o decimal places, e.g. 5,125.) Cost Retail Inventory, Jan. 1 $155,400 $282,800 Purchases 1,375,500 2,128,300 Freight-in 70,200 Markups, net 89,700 Markdowns, net 46,300 Sales revenue 2,223,200 Ending inventory $ Show Work is REQUIRED for this question: Open Show Work SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used MacBook Air