The records for the Clothing Department of Novaks Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25,200; at cost $17,100 Purchases in January: at retail $135,500; at cost $86,778 Freight-in: $9,100 Purchase returns: at retail $3,000; at cost $2,200 Transfers in from suburban branch: at retail $12,700; at cost $6,900 Net markups: $7,900 Net markdowns: $4,100 Inventory losses due to normal breakage, etc.: at retail $300 Sales revenue at retail: $94,300 Sales returns: $2,400 Incorrect answer. Your answer is incorrect. Try again. Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retail