Problem 9-08 The records for the Clothing Department of Grouper's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25,500; at cost $16,800 Purchases in January: at retail $137,200; at cost $83,278 Freight-in: $6,900 Purchase returns: at retail $3,000; at cost $2,300 Transfers in from suburban branch: at retail $13,100; at cost $9,100 Net markups: $7,800 Net markdowns: $4,100 Inventory losses due to normal breakage, etc.: at retail $500 Sales revenue at retail: $94,400 Sales returns: $2,400 Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retail LINK TO TEXT Compute the ending inventory using lower-of-average-cost-or-market. (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 at lower-of-average-cost-or-market &