Bramble Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertains to a single department for the month of October 2023. Inventory, October 1, 2023 At cost At retail Purchases (exclusive of freight and returns) $51,900 77,300 At cost At retail Freight-in 265,846 425,400 16,500 Purchase returns At cost 5,500 At retail 8,100 Markups 9,100 Markup cancellations 2,000 Markdowns (net) 3,600 Normal spoilage and breakage (at retail) 9,900