January Co. uses the retail inventory method to estimate its inventory for interim statement purposes. Data relating to the computation of the inventory at July 31 , 2020, are as follows: Under the conventional method (aka lower-of-cost-or-market method), January Co's estimated inventory at July 31, 2020 is (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to 0 decimal places.) $251,400 $270,000 $419,000 $481.000