Splish Brothers Beachwear Inc. had beginning inventory of $35,200 at cost and $42,240 at retail. Net purchases were $184,800 at cost and $214,720 at retail. Net markups were $5,280, net markdowns were $15,840, and sales revenue was $202,400. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 5,275.)

Ending inventory using the conventional retail method