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What is the ending inventory value at cost

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Question - Carla Vista Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $400500 ($601000), purchases during the current year at cost (retail) were $3548000 ($5333600), freight-in on these purchases totaled $166500, sales during the current year totaled $4806000, and net markups were $421000. What is the ending inventory value at cost? Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.

Reference no: EM132561743

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