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

Question: 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

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

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