Presented below is information related to Wildhorse Company.

Cost Retail

Beginning inventory $295,812 $275,000

Purchases 1,398,000 2,137,000

Markups 94,000

Markup cancellations 15,100

Markdowns 37,900

Markdown cancellations 4,800

Sales revenue 2,238,000

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 =