Presented below is information related to Concord Company. Cost Retail Beginning inventory $$224,728$ $$281,000$ Purchases $1,385,0002,156,000$ Markups $93,800$ Markup cancellations $15,600$ Markdowns $37,900$ Markdown cancellations $4,500$ Sales revenue $2,192,000$ Compute the inventory by the conventional retail inventory method.