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Question 4 Not changed since last attempt Marked out of 1.00 P Flag question Estimating Inventory Using Retail Inventory Method-Conventional Retail-Mart values its inventory using the conventional retail inventory method. It discloses the following data for the month of June 2020. Cost Selling Price Inventory, June 1 $96,840 $144,000 Markdowns 37.800 Markups 52,200 Markdown cancellations 18,000 Markup cancellations 16,200 Purchases 311,760 402.480 Sales 450,000 Purchase returns and allowances 5,400 6,480 Sales returns and allowances 18,000 Compute estimated inventory at June 30, 2020, using the conventional retail inventory method. Check