Presented below is information related to Kingbird Company.

cost retail Beginning inventory $234,424 $283,000 Purchases 1,349,000 2,111,000 Markups 95,600 Markup cancellations 15,500 Markdowns 32,700 Markdown cancellations 4,800 Sales revenue 2,232,000

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 $