Grand Department Store, Inc., uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2021:

Inventory, October 1, 2021:
At cost	$	13,000
At retail		23,000
Purchases (exclusive of freight and returns):
At cost		91,892
At retail		139,500
Freight-in		4,400
Purchase returns:
At cost		1,400
At retail		2,100
Additional markups		1,800
Markup cancellations		200
Markdowns (net)		730
Normal spoilage and breakage		3,800
Sales		136,550
Sales returns		7,820

Required: 1. Using the conventional retail method, prepare a schedule computing estimated lower of cost or market (LCM) inventory for October 31, 2021. (Round your cost-to-retail percentage to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and round your final answers to the nearest whole dollar.)