The records for the Clothing Department of Concords Discount Store are summarized below for the month of January.

Inventory, January 1: at retail $25,100; at cost $16,900

Purchases in January: at retail $138,900; at cost $93,060

Freight-in: $7,100

Purchase returns: at retail $3,000; at cost $2,400

Transfers in from suburban branch: at retail $13,000; at cost $9,100

Net markups: $8,000

Net markdowns: $3,900

Inventory losses due to normal breakage, etc.: at retail $500

Sales revenue at retail: $93,300

Sales returns: $2,500

(a)

Compute the inventory for this department as of January 31, at retail prices.

Ending inventory at retail

(b) Compute the ending inventory using lower-of-average-cost-or-market. (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-average-cost-or-market ...............$