Question 4 Determine the ending inventory under the conventional retail method for the furniture department of Concord Department Stores from the following data. (Round ratio of co selling price to 2 decimal places, e.g. 61.25 and final answer to 0 decimal places, .g. 5,125.) Cost Retail Inventory, Jan. 1 $143,600 $287,200 Purchases 1,373,100 2,124,600 Freight-in 70,100 Markups, net 93,900 Markdowns, net 49,500 Sales revenue 2,148,200 Ending inventory