Boyne Inc. had beginning inventory of $16,400 at cost and $26,300 at retail. Net purchases were $147,288 at cost and $184,500 at retail. Net markups were $10,400; net markdowns were $8,300; and sales revenue was $153,600. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail method $