Presented below is information related to Bramble Inc.

Cost Retail

Inventory, 12/31/17 $254,700 $397,600

Purchases 1,002,796 1,454,100

Freight-in 41,400 0

Purchase returns 59,600 80,100

Purchase discounts 17,900 0

Markups 0 119,500

Markup cancellations 0 40,500

Markdowns 0 44,300

Markdown cancellations 0 20,200

Gross sales revenue 0 1,423,100

Sales returns 0 95,600

Employee discounts granted 0 8,000

Loss from breakage (normal) 0 4,200

Assuming that Bramble Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2018.

(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