gnment ULCE NEEEE Multiple Choice Question 127 Sandhill Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 320000 $496000 Beginning inventory 1090000 1770000 Purchases 26000 Freight-in 7600 Employee discounts 68000 Net markups 84000 Net markdowns 1450000 Sales revenue The approximate cost of the ending inventory by the conventional retail method is (Hint: Round intermediate calculation to 3 decimal places, eg. 0.635 and final answer to decimal places) $ 404000. $ 1296890 $ 484156 Ver $ 792400. of Ihn Wiley & Sons, Inc
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