Problem 9-8 (Part Level Submission) The records for the Clothing Department of Bramble's Discount Store are summarized below for the month of January Inventory, January 1: at retail $24,900; at cost $16,600 Purchases in January: at retail $138,700; at cost $81,892 Freight-in: $9,300 Purchase returns: at retail $3,000; at cost $2,200 Transfers in from suburban branch: at retail $12,800; at cost $7,000 Net markups: $8,200 Net markdowns: $4,000 Inventory losses due to normal breakage, etc.: at retail $400 Sales revenue at retail: $96,600 Sales returns: $2,400 Your answer is correct. Compute the inventory for this department as of January 31, at retail prices Ending inventory at retail $83000 Attempts: 1 of 15 used 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, eg. 28,987.) Ending inventory at lower-of-average-cost-or-market