The records of Ellens Boutique report the following data for the month of April.

Sales revenue	$96,900	Purchases (at cost)	$55,300
Sales returns	2,900	Purchases (at sales price)	94,200
Markups	11,800	Purchase returns (at cost)	2,900
Markup cancellations	1,200	Purchase returns (at sales price)	4,200
Markdowns	9,400	Beginning inventory (at cost)	37,586
Markdown cancellations	3,600	Beginning inventory (at sales price)	49,700
Freight on purchases	3,200

Compute the ending inventory by the conventional retail inventory method.(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 using conventional retail inventory method

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