Presented below is information related to larkspur, inc. cost retail beginning inventory $518,500 $915,000 purchases 2,318,000 4,087,000 freight on purchases 98,820 markups 213,500 markup cancellations 170,800 abnormal shortage 18,300 31,720 markdowns 107,360 markdown cancellations 14,640 employee discounts 6,344 sales revenue 4,361,500 sales returns 122,000 normal shortage 21,350 purchase returns 26,840 50,020 compute ending inventory by the conventional retail inventory method