Exercise 9-20 The records of Ellens Boutique report the following data for the month of April. Sales revenue $97,200 Purchases (at cost) $71,500 Sales returns 4,000 Purchases (at sales price) 97,600 Markups 11,300 Purchase returns (at cost) 4,000 Markup cancellations 1,400 Purchase returns (at sales price) 5,300 Markdowns 9,500 Beginning inventory (at cost) 23,055 Markdown cancellations 4,600 Beginning inventory (at sales price) 53,300 Freight on purchases 4,300 Compute the ending inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $