Presented below is information related to Waveland Inc.

	Cost	Retail
Inventory, 12/31/14	$275,100	$401,000
Purchases	1,029,465	1,485,000
Purchase returns	62,170	81,500
Purchase discounts	20,050
Gross sales revenue		1,417,200
Sales returns		97,700
Markups		123,900
Markup cancellations		40,900
Markdowns		48,100
Markdown cancellations		28,300
Freight-in	42,280
Employee disccounts granted		8,600
Loss from breakage (normal)		5,600

Assuming that Waveland Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2015.

Ending inventory using the conventional retail inventory method: $________ ?