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. $52,900 79,200 307,532 430,400 16,400 Inventory, October 1, 2021 At cost At retail Purchases (exclusive of freight and returns) At cost At retail Freight-in Purchase returns At cost At retail Markups Markup cancellations Markdowns (net) Normal spoilage and breakage Sales revenue 5.700 8,200 9,000 2.000 3,500 9.900 388,500 (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, eg 78% and final answer to O decimal places, eg. 28,987.)