Wally-Mart values its inventory using the conventional retail inventory method. It discloses the following data for its recent period. At Cost At Retail Beginning inventory $181,800 $270,000 Purchases 581,400 1,013,400 Purchase returns 10,800 18,000 Freight-in 14,400 Additional markups 21,600 Additional markup cancellations 9,000 Markdowns 16,200 Markdown cancellations 3,600 Sales 972,000 Sales returns (and restored to inventory) 10,800 Compute estimated ending inventory for the period-end using the conventional retail inventory method. Note: Use negative signs as appropriate in the following schedule. Cost Retail Goods available for sale:

Beginning inventory Answer Answer

Net purchases Answer Answer

Net markups Answer Answer

Net markdowns Answer Answer

Total goods available for sale Answer Answer

Net sales Answer

Net markups Answer Net markdowns Answer

Estimated ending inventory at retail Answer

Cost Ratio Numerator / Denominator = Result Answer / Answer =

Note: Use the result above EXACTLY as shown to compute the following amount. Estimated ending inventory at cost: $Answer