Presented below is information related to Bonita Inc. Cost Retail Inventory, 12/31/20 $250,500 $391,100 Purchases 875,910 1,488,200 Purchase returns 61,100 78,700 Purchase discounts 17,600 Gross sales revenue 1,414,700 Sales returns 98,000 Markups 118,700 Markup cancellations 39,800 Markdowns 44,900 Markdown cancellations 20,100 Freight-in 42,400 Employee discounts granted 8,000 Loss from breakage (normal) 4,000 Assuming that Bonita Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail inventory method