Presented below is information related to Martinez Company.

		Cost		Retail
Beginning inventory		$362,797		$286,000
Purchases		1,370,000		2,145,000
Markups				95,100
Markup cancellations				14,800
Markdowns				32,900
Markdown cancellations				5,100
Sales revenue				2,193,000

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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