Presented below is information related to Waveland Inc.

		Cost		Retail
Inventory, 12/31/14		$260,300		$399,000
Purchases		1,067,897		1,474,000
Purchase returns		63,500		84,000
Purchase discounts		18,340
Gross sales revenue				1,418,800
Sales returns				97,900
Markups				120,900
Markup cancellations				41,600
Markdowns				45,100
Markdown cancellations				23,500
Freight-in		42,770
Employee discounts granted				8,600
Loss from breakage (normal)				4,800

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

$