Exercise 9-22 The records of Marigold's Boutique report the following data for the month of April Sales revenue Purchases (at cost) $95,000 $45,500 Purchases (at sales price) Sales returns 1,900 87,900 Purchase returns (at cost) Markups 9,700 1,900 Markup cancellations 1,300 Purchase returns (at sales price) 2,900 Markdowns 34,889 10,200 Beginning inventory (at cost) Markdown cancellations 2,700 Beginning inventory (at sales price) 43,700 Freight on purchases 2,400 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method