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Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail Beginning inventory

Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below:

Cost Retail
Beginning inventory $ 125,000 $ 204,000
Net purchases 428,000 729,000
Net markups 50,000
Net markdowns 22,000
Net sales 698,000

To the nearest thousand, estimated ending inventory using the conventional retail method is: (Do not round intermediate calculations.)

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