Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021:

	Cost			Retail
Merchandise inventory, January 1, 2021	$	235,000		$	325,000
Purchases		566,745			885,000
Freight-in		9,800
Net markups					29,000
Net markdowns					13,000
Net sales					845,000

Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.)

Cost Retail Cost-to-Retail Ratio $ 235,000 $ 566,745 9,800 325,000 885,000 Beginning inventory Purchases Freight-in Net markups Assessment Tool iFrame Net markdowns Goods available for sale 29,000 1,239,000 (13,000) 1,226,000 811,545 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost (845,000) 381,000 $