$25,000 73,000 The records for the Clothing Department of Sharapova's Discount Store are summarized below for the month of January Inventory, January 1. at rotall: $83.000 at cost: Purchases in January at retail: 168,000 at cost: Freight in 5,500 Purchases retums at retail: 7.900 at cost: Net markup: 11,500 Net markdowns 12,500 Inventory losses due to nomal breakage, etc, atreta: at retail: 800 Sales at retail 99,000 Sales retums: 2,300 3,500 Instructions: Apply the LCM conventional method and compute the inventory for this department as of January 31 at Cost 7 3 0 1 2