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Presented below is information related to Culver Company. ...

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Accounting

Presented below is information related to Culver Company.

Cost

Retail
Beginning inventory $194,276 $276,000
Purchases 1,368,000 2,164,000
Markups 93,900
Markup cancellations 14,100
Markdowns 32,800
Markdown cancellations 5,000
Sales revenue 2,239,000

Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method: $_______

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