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Dicer Company uses the conventional retail method to determi…
Dicer Cоmpаny uses the cоnventiоnаl retаil method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) was $390,000 ($594,000), purchases during the current year at cost (retail) were $2,055,000 ($3,300,000), freight-in totaled $129,000, sales during the current year totaled $3,000,000, and net markups were $72,000. What is Dicer's ending inventory value at cost? Round your cost-to-retail percentage to 1 decimal place (ex. 32.9%).
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