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Question 2 Presented below is information related to Marin, Inc. Cost $433,500 1,938,000 82,620 Retail $765,000 3,417,000 15,300 Beginning inventory Purchases Freight on purchases Markups Markup cancellations Abnormal shortage Markdowns Markdown cancellations Employee discounts Sales revenue Sales returns Normal shortage Purchase returns 178,500 142,800 26,520 89,760 12,240 5,304 3,646,500 102,000 17,850 41,820 22,440 Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places, e.g. 5,275.) Ending inventory $
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