Presented below is information related to Larkspur, Inc.

		Cost		Retail
Beginning inventory		$416,500		$735,000
Purchases		1,862,000		3,283,000
Freight on purchases		79,380
Markups				171,500
Markup cancellations				137,200
Abnormal shortage		14,700		25,480
Markdowns				86,240
Markdown cancellations				11,760
Employee discounts				5,096
Sales revenue				3,503,500
Sales returns				98,000
Normal shortage				17,150
Purchase returns		21,560		40,180

Compute ending inventory by the conventional retail inventory method. (Round percentages for computational purposes to 1 decimal place, e.g. 0.4158 to 41.6% and final answer to 0 decimal places, e.g. 5,275.)

Ending inventory

$enter the ending inventory in dollars rounded to 0 decimal places