The records for the Clothing Department of Metlock's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25,400; at cost $16,700 Purchases in January: at retail $137,900; at cost $78,440 Freight-in: $7,000 Purchase returns: at retail $3,000; at cost $2,400 Transfers in from suburban branch: at retail $13,100 at cost $9,100 Net markups: $8,000 Net markdowns: $4,100 Inventory losses due to normal breakage, etc.: at retail $400 Sales revenue at retail: $94,500 Sales returns: $2,300 Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retail 84,700 Compute the ending inventory using lower-of-average-cost-or-market. Ending inventory at lower-of-average-cost-or-market 161460