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The following data concerning the retail inventory method are taken from the financial records of Sheridan Company. Cost Retail Beginning inventory $ 192000 $ 283000

The following data concerning the retail inventory method are taken from the financial records of Sheridan Company.

Cost

Retail
Beginning inventory

$ 192000

$ 283000
Purchases

905000

1160000
Freight-in

23800

Net markups

81000
Net markdowns

55200
Sales

1294000

Assuming no change in the price level if the LIFO inventory method were used in conjunction with the data, the ending inventory at cost would be

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