Problem 9-8 The records for the Clothing Department of Windsor's Discount Store are summarized below for the month of January Inventory, January 1: at retal $24,600; at cost $17,200 Parchases in January: at retail $134,400; at cost $73,053 Freight in: $9,300 Purchase returns: at retal $3,000; at cost $2,200 Transfers in from suburban branch: at retal $12,900; at cost $6,900 Net markups: $7,800 Net markdowns:$3,900 Inventory losses due to normal breakage, etc,: at retaid $300 Sales reverue at retail: $96,600 Sales returns: $2,400 Compute the inventory for this department as of ansry 31, at retail prices Ending inventory at retail compute the end ng nventory usng lower of average cost or market. Round ratios for co niputationa, porposes to O denal places e-9 78% and final answer to 0 dec mal places, e Ending invertory at lower of average cost or-markit s Click if you would like to Show Work for this question: Open Shom Work 28