During $2023,$ Harmony Co$.$ sold $$524,000$ of merchandise at marked retail prices. At the end of $2023,$ the following information was available from its records:

At Cost At Retail

Beginning inventory $ $131,600$ $ $260,800$

Net purchases $235,240397,600$

Assume that in addition to estimating its ending inventory by the retail method, Harmony Co$.$ also took a physical inventory at the marked selling prices of the inventory items at the end of $2023.$ Assume further that the total of this physical inventory at marked selling prices was $$109,600.$