Presented below is information related to Ricky Henderson Company.

		Cost		Retail
Beginning inventory		$ 118,416		$ 290,500
Purchases		1,442,000		2,146,000
Markups				95,700
Markup cancellations				15,400
Markdowns				43,800
Markdown cancellations				7,100
Sales revenue				2,280,000

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