The records for the Hogwarts Co. are summarized below for the month of January ($ in thousands).

Inventory, January 1: at retail $200,000; at cost $136,000

Purchases in January: at retail $1,096,000; at cost $660,000

Freight-in: $56,000

Purchase returns: at retail $24,000; at cost $18,400

Transfers-in from suburban branch: at retail $104,000; at cost $73,600

Net markups: $64,000

Net markdowns: $32,000

Inventory losses due to normal breakage, etc.: at retail $3,200

Sales at retail: $760,000

Sales returns: $19,200

Required:

Compute the ending inventory using conventional method.