Presented below is information related to Teal Company.

		Cost		Retail
Beginning inventory		$201,049		$278,000
Purchases		1,388,000		2,166,000
Markups				94,400
Markup cancellations				16,100
Markdowns				33,900
Markdown cancellations				5,100
Sales revenue				2,219,000

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

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