Problem 9-8 (Part Level Submission) The records for the Clothing Department of Cheyenne's Discount Store are summarized below for the month of anuary Inventory, January 1: at retail $25,300; at cost $17,300 Purchases in January: at retail $137,800; at cost $84,760 Freight-in: $9,100 Purchase returns: at retail $2,900; at cost $2,200 Transfers in from suburban branch: at retail $13,200; at cost $7,200 Net markups: $8,100 Net markdowns: $4,000 Inventory losses due to normal breakage, etc.: at retail $400 Sales revenue at retail: $96,700 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 Click if you would like to Show Work for this questions Open Show Work Attemptsi 2 of 3 used Your answer is incorrect. Try again. 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 55476 Click if you would like to Show Work for this question: n Show Wak