The records for the Clothing Department of Teal's Discount Store are summarized below for the month of January. Inventory, January 1: at retail $24,900; at cost $16,700 Purchases in January: at retail $138,000; at cost $86,890 Freight-in: $7,000 Purchase returns: at retail $3,100; at cost $2,300 Transfers in from suburban branch: at retail $12,700; at cost $9,100 Net markups: $8,100 Net markdowns: $4,100 Inventory losses due to normal breakage, etciat retail $400 Sales revenue at retail: $96,500 Sales returns: $2.400 Compute the ending inventory using lower-of-average-cost-or-market. Ending inventory at lower-of-average-cost-or-market