The records of Ellen's Boutique report the following data for the month of April:

Sales revenue................................................................$99,000

Sales returns.....................................................................2,000

Markups..........................................................................10,000

Markup cancellations.........................................................1,500

Markdowns.......................................................................9,300

Markdown cancellations......................................................2,800

Freight on purchases..........................................................2,400

Purchases (at cost)...........................................................48,000

Purchases (at sales price)..................................................88,000

Purchase returns (at cost)...................................................2,000

Purchase returns (at sales price).........................................3,000

Beginning inventory (at cost)..............................................30,000

Beginning inventory (at sales price)......................................46,500

Compute the ending inventory by the conventional retail inventory method.