Sunland Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2021.

Inventory, October 1, 2021
At cost		$50,900
At retail		79,400
Purchases (exclusive of freight and returns)
At cost		289,140
At retail		422,700
Freight-in		16,500
Purchase returns
At cost		5,700
At retail		7,900
Markups		9,000
Markup cancellations		2,000
Markdowns (net)		3,700
Normal spoilage and breakage		10,100
Sales revenue		387,000

(a) Using the conventional retail method, prepare a schedule computing estimated lower-of-cost-or-market inventory for October 31, 2021. (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-cost-or-market

$