Grand Department Store Ltd 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 2013: Inventory, October 1, 2013 20,000 30,000 At cost At retail Purchases (exclusive of freight and returns) At cost At retail Freight-in Purchase returns 100,151 146,495 5,100 At cost At retail Additional markups Markup cancellations Markdowns (net) Normal spoilage and breakage Sales 2,100 2,800 2,500 265 800 4,500 135,730 Required (1) Using the conventional retail method, determine the inventory that approximates average cost, lower of cost or market for October 31, 2013. (Omit the "$" sign in your response.) Ending inventory at cost Ending inventory at retail Lower of cost or market 34464 34900