Presented below is information related to Cheyenne Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discount

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Presented Below Is Information Related To Cheyenne Inc Inventory 12 31 20 Purchases Purchase Returns Purchase Discount 1 (36.58 KiB) Viewed 11 times

Presented below is information related to Cheyenne Inc. Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) Cost Retail $254,100 $386,700 863,627 1,450,300 59,400 17,900 - 42,400 - 79,600 1,413,700 99,400 118,700 40,800 44,900 20,400 8,000 4,400 Assuming that Cheyenne Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to O decimal places, e.g 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail inventory method $