Canadian accounting:

Central Department Store, Inc., uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 20x4:

Inventory, October 1, 20x4:
At cost	$20,000
At retail	30,000
Purchases (exclusive of freight and returns):
At cost	100,000
At retail	146,500
Freight-in	5,100
Purchase returns:
At cost	2,100
At retail	2,800
Additional markups	2,500
Markup cancellations	265
Markdowns (net)	800
Sales	135,730

Required-

Using the retail method, prepare a schedule computing estimated cost of inventory for October 31, 20x9.