The records for the Clothing Department of Teals Discount Store are summarized below for the month of January.

Inventory, January 1: at retail $24,600; at cost $16,600

Purchases in January: at retail $136,900; at cost $71,358

Freight-in: $7,100

Purchase returns: at retail $3,000; at cost $2,200

Transfers in from suburban branch: at retail $12,800; at cost $9,400

Net markups: $8,100

Net markdowns: $4,000

Inventory losses due to normal breakage, etc.: at retail $300

Sales revenue at retail: $96,200

Sales returns: $2,500

Part 1

Compute the inventory for this department as of January 31, at retail prices.

Ending inventory at retail

$

Part 2

Compute the ending inventory using lower-of-average-cost-or-market. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory at lower-of-average-cost-or-market

$