Sweet 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 $52,600 At cost At retail 76,500 Purchases (exclusive of freight and returns) At cost 260,388 At retail 431,300 Freight-in 16,900 Purchase returns At cost 5,600 At retail 7,900 8,800 Markups Markup cancellations 2,000 Markdowns (net) 3,700 Normal spoilage and breakage 10,000 Sales revenue 388,600 (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 O decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory at lower-of-cost-or-market $