Presented below is information related to Oriole Company.

		Cost		Retail
Beginning inventory		$292,298		$276,000
Purchases		1,389,000		2,153,000
Markups				95,800
Markup cancellations				15,400
Markdowns				37,500
Markdown cancellations				4,600
Sales revenue				2,196,000

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