The records for the Clothing Department of Riverbed's Discount Store are summarized below for the month of January Inventory, January 1: at retail $24.900, at cost $17,200 Purchases in January: at retail $139,300, at cost $85,588 Freight-in: $6,900 Purchase returns: at retail $3,100; at cost $2,400 Transfers in from suburban branch: at retail $12,800; at cost $9,000 Net markups: $7,800 Net markdowns: $3,900 Inventory losses due to normal breakage, etc.: at retail $400 Sales revenue at retail: $96,100 Sales returns: $2,300 Compute the inventory for this department as of January 31, at retail prices. Ending inventory at retail $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Compute the ending inventory using lower-of-average-cost-or-market. (Round ratios for computational purposes to decimal places, eg 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory at lower-of-average-cost-or-market $ eTextbook and Media Save for Later Attempts:0 of 3 used Submit