Also find ending inventory at lower-of-average-cost-or-market

The records for the Clothing Department of Concord's Discount Store are summarized below for the month of January Inventory, January 1: at retail $25,400; at cost $16,700 Purchases in January at retail $137,900; at cost $78,440 Freight-in: 57.000 Purchase returns:at retail $3,000, at cost $2,400 Transfers in from suburban branch: at retail $13,100; at cost $9,100 Net markup: $8,000 Net markdowns: $4,100 Inventory losses due to normal breakage, etc. atretail $400 Sales revenue at retail: $94,SOO Sales returns: $2,300 (a) Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retall $