Presented below is information related to Sarasota Inc. Cost Retail Inventory, 12/31/20 $245,900 $388,800 Purchases 928,258 1,482,700 Purchase returns 59,900 81,600 Purchase discounts 17,700 Gross sales revenue 1,427,200 Sales returns 96,100 Markups 118,000 Markup cancellations 40,100 Markdowns 45,900 Markdown cancellations 19,900 Freight-in 42,800 Employee discounts granted 7,900 Loss from breakage (normal) 4,200 Assuming that Sarasota 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.)