E9-20B (L05) (Retail Inventory Method) The records of Thome's Boutique report the following data for the month of April.

Sales revenue $204,000	Purchases (at cost) $ 96,000
Sales returns 4,000	Purchases (at sales price) 176,000
Additional markups 20,000	Purchase returns (at cost) 4,000
Markup cancellations 3,000	Purchase returns (at sales price) 6,000
Markdowns 18,600	Beginning inventory (at cost) 60,000
Markdown cancellations 5,600	Beginning inventory (at sales price) 93,000
Freight on purchases 2,000

Instructions

Compute the ending inventory by the conventional retail inventory method.