Canon Company uses the conventional retail inventory method

Accounting Nov 21, 2021

Canon Company uses the conventional retail inventory method. Cost Retail Beginning Inventory $10233 $24.643 Net Purchases $50000 $87,558 Freight-In $2355 Net Markups $10,532 Net Markdowns $4,782 Spoilage $300 Theft $1,058 Employee Discounts $614 Sales $50000 What is the value of ending inventory at retail? Do not round your cost to retail ratio - leave all the decimals in your calculator or excel model. Round your final answer to the nearest whole number.