Presented below is information related to Concord Company.

		Cost		Retail
Beginning inventory		$103,820		$278,000
Purchases		1,402,000		2,152,000
Markups				93,600
Markup cancellations				13,900
Markdowns				34,600
Markdown cancellations				5,000
Sales revenue				2,206,000

Compute the inventory by the conventional retail inventory method. (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 conventional retail inventory method

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