Best Price Retailers had sales of $497,100 in the month of January. Use the retail method to estimate the value of the inventory as of January 31 given the following financial information:

(Round cost ratio to four decimal places)

Sticker Price Retailer's
Financial Highlights
January 1 January 31
		Cost	Retail
Beginning Inventory		$229,276	$315,500
Net Purchases (January)		362,161	451,800
Total available for sale