Cost	Retail
Inventory, 12/31/12	$256,900	$412,000
Purchases	988,444	1,466,000
Purchase returns	62,640	83,600
Purchase discounts	19,550
Gross sales		1,410,600
Sales returns		97,400
Markups		131,600
Markup cancellations		41,400
Markdowns		45,500
Markdown cancellations		24,200
Freight-in	42,990
Employee discounts granted		8,300
Loss from breakage (normal)		5,200

Assuming that Waveland Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2013.(Round ratios for computational purposes to 0 decimal places, e.g 78% and final answers to 0 decimal places, e.g. $28,987.) Ending inventory using the conventional retail inventory method $___________