Presented below is information related to Novak Inc.

Cost Retail

Inventory, 12/31/20 $249,200 $389,100

Purchases 1,019,914 1,480,700

Purchase returns 60,700 79,200

Purchase discounts 18,300

Gross sales revenue 1,407,300

Sales returns 98,500

Markups 118,100

Markup cancellations 40,800

Markdowns 44,700

Markdown cancellations 20,000

Freight-in 42,700

Employee discounts granted 7,900

Loss from breakage (normal) 4,900

Assuming that Novak 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, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail inventory method

$