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Presented below is information related to Crane Inc. Cost Retail Inventory, 12/31/20 $251,100 $390,400 Purchases 906,368 1,447,600 Purchase returns 60,000 79,400 Purchase discounts 18,100 Gross

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Presented below is information related to Crane Inc. Cost Retail Inventory, 12/31/20 $251,100 $390,400 Purchases 906,368 1,447,600 Purchase returns 60,000 79,400 Purchase discounts 18,100 Gross sales revenue 1,426,100 Sales returns 97,300 Markups 119,700 Markup cancellations 39,500 Markdowns 45,800 Markdown cancellations 20,000 Freight-in 42,300 Employee discounts granted 8,200 Loss from breakage (normal) 4,100 Assuming that Crane 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, (-3.9 78% and final answer to 0 decimal places, e.g. 28,987.)

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