Presented below is information related to Ricky Henderson Company.

Cost Retail

Beginning inventory $ 251,220 $ 294,600

Purchases 1,516,000 2,150,000

Markups 96,600

Markup cancellations 16,600

Markdowns 42,300

Markdown cancellations 7,500

Sales revenue 2,270,000

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.)