California Corp. is preparing the financial statements at its fiscal year end, January 31, 2018. The following information is available:

	At Cost	At Retail
Inventory, February 1, 2017	$ 83,400	$ 103,400
Markdowns		47,000
Markups		71,000
Markdown Cancellations		22,000
Markup Cancellations		9,000
Purchases	241,200	294,300
Sales		329,000
Purchases returns and allowance	5,150	6,700
Sales returns and allowances		9,000

Instructions

Calculate the ending inventory at cost at January 31, 2018, using the retail method that approximates lower of average cost and market. Your solution should be in good form with amounts clearly labelled. Carry the cost ratio to two decimals, e.g., 12.34%.