Marin Beachwear Inc. had beginning inventory of $49,600 at cost and $59,520 at retail. Net purchases were $260,400 at cost and $302,560 at retail. Net markups were $7,440, net markdowns were $22,320, and sales revenue was $285,200. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 5,275.)

Ending inventory using the conventional retail method