Please do not give solution in image format thanku Presented below is information related to Sarasota Inc.Inventory, 12/31/25PurchasesPurchase returnsPurchase discountsGross sales (before employee discounts)Sales returnsMarkupsMarkup cancellationsMarkdownsMarkdown cancellationsCost$173,800750,50045,90013,100Retail$262,0001,319,00064,3001,232,00050,50067,60015,70082,10019,500 Markdown cancellationsFreight-inEmployee discounts grantedLoss from breakage (normal)40,10019,50011,1008,900Assuming that Sarasota Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2026. (Round ratios forcomputational purposes to O decimal places, e.g 78% and final answer to O decimal places, e.g. 28,987.)Ending inventory using the conventional retail inventory method$LA

Ending inventory is the amount of inventory which is reported in the financial statements at the end…

Presented below is information related to Sarasota Inc. Inventory, 12/31/25 Purchases Purchase returns Purchase discounts Gross sales (before employee discounts) Sales returns Markups Markup cancellations Markdowns Markdown cancellations Cost $173,800 750,500 45,900 13,100 Retail $262,000 1,319,000 64,300 1,232,000 50,500 67,600 15,700 82,100 19,500