On January 1, The Parts Store had a $480,000 inventory at cost. During the first quarter of the year, it purchased $1,620,000 of merchandise, returned $24,600, and paid freight charges on purchased merchandise totalling $39,100. During the past several years, the store's gross profit on sales has averaged 30%. Under the assumption the store had $2,030,000 of sales during the first quarter of the year, use the gross profit method to estimate its inventory at the end of the first quarter. Ending inventory During 2020, Harmony Co. sold $519,000 of merchandise at marked retail prices. At the end of 2020, the following information was available from its records: Beginning inventory Net purchases At Cost $126,600 230, 240 At Retail $255,800 392, 600 Use the retail method to estimate Harmony's 2020 ending inventory at cost. (Round your intermediate and final answers to 2 decimal places.) Ending inventory