Presented below is information related to Kingbird Inc.

Cost Retail Inventory, 12/31/17 $250,900 $396,700 Purchases 943,206 1,469,100 Purchase returns 61,200 80,800 Purchase discounts 18,200 Gross sales revenue (after employee discounts) 1,414,000 Sales returns 99,200 Markups 120,500 Markup cancellations 39,200 Markdowns 44,900 Markdown cancellations 20,400 Freight-in 42,400 Employee discounts granted 7,800 Loss from breakage (normal) 4,700

Assuming that Kingbird 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