Question 46 (5 points)
Vince Teams has the following inventory data at December 31, Y1:
Cost Retail
Inventory, January 1, Y1 $395,400 $893,700
Markdown cancellations 19,500
Purchase returns and allowances 153,200 201,900
Sales revenue 1,766,900
Markups 229,200
Purchases 2,154,600 2,860,800
Sales returns and allowances 436,900
Markdowns 43,500
Markup cancellations 36,800
Compute the inventory at cost as of December 31, Y1 using the conventional retail
inventory method.
Enter your answer as a numerical number as a whole number (no decimal points). Do
not use a dollar sign or any other symbol.