Question: View Policies Current Attempt in Progress Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost . Assume the beginning inventory

View Policies
Current Attempt in Progress
Ivanhoe Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $395500($596000), purchases during the current year at cost (retail) were $3448000($5233600), freight-in ofy these purchases totaled $161500, sales during the current year totaled $4706000, and net markups were $416000. What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g.0.635 and final answer to 0 decimal places.
$823749.
$1539600.
$1090405.
$986884.
 View Policies Current Attempt in Progress Ivanhoe Inc. uses the conventional

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