Presented below is information related to Ricky Henderson Company.

		Cost		Retail
Beginning inventory		$ 200,000		$ 280,000
Purchases		1,375,000		2,140,000
Markups				95,000
Markup cancellations				15,000
Markdowns				35,000
Markdown cancellations				5,000
Sales revenue				2,200,000

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.)