uses the conventional retail method to determine its er ding inventory at cost. Assume the beginning inventory at cost (retail) were $390,000 (S594,000, purchases during the current year at cost (retail) were $2,055,000 (S3,300,000, freight-in on these purchases totaled $129,000, sales during the current year totaled $3,000,000, and net markups (markdowns) were $72,000 (S108,000). What is the ending inventory value at cost? A) $556,842. B) $567,138. C) S580,206. D) $858,000. e following data concerning the retail inventory method are taken from the financial records of Welch Company. 23. Th Cost Retail Beginning inventory S S 280,000 196,000 Purchases Freight-in Net markups Net markdowns Sales 896,000 1,280,000 80,000 56,000 -1,334,000 24,000 The ending inventory at retail should be A) $296,000. B) $240,000. C) $256,000. D) $168,000. Page 10