The records for the Clothing Department of Splish's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $25,500; at cost $17,100 Purchases in January: at retail $134,700; at cost $72,130 Freight-in: $9,400 Purchase returns: at retail $2,900; at cost $2,300 Transfers in from suburban branch: at retail $13,300; at cost $7,200 Net markups: 7,900 Net markdowns: $3,900 Inventory losses due to normal breakage, etc.: at retail $300 Sales revenue at retail: $93,900 Sales retuns: $2,300 Your answer is correct. Compute the inventory for this department as of January 31, at retail prices Ending inventory at retail 827 SHOW SOLUTION LINK TO TEXT Compute the ending inventory using ower average cost or market. Round ratios for computational purposes to O decima places, e g 78% and finarans verto decima places, e g 98. Ending inventory at lower-of-average-cost-or-market