1. Determine the ending inventory under the conventional retail method for the furniture department of Tamarisk Department Stores from the following data.

	Cost		Retail
Inventory, Jan. 1		$152,400		$287,600
Purchases		1,426,400		2,070,000
Freight-in		70,900
Markups, net				95,900
Markdowns, net				46,500
Sales revenue				2,093,100

Ending inventory --> _______