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Presented below is information related to Pharoah Company. Cost Retail Beginning inventory $ 195,000 $...

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Presented below is information related to Pharoah Company. Cost Retail Beginning inventory $ 195,000 $ 251,000 Purchases 1,400,000 2,135,000 Markups 94,500 Markup cancellations 15,500 Markdowns 34,500 Markdown cancellations 5,500 Sales 2,200,000 Calculate the inventory by the retail inventory method. (Round the cost-to-retail ratio to 2 decimal places, e.g. 52.75% and final answer to O decimal places, e.g. 5,125.) Ending inventory at retail $ e Textbook and Media Save for Later Attempts: 1 of 2 used Submit

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