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

Sales revenue		$96,900		Purchases (at cost)		$64,000
Sales returns		3,000		Purchases (at sales price)		95,700
Markups		12,600		Purchase returns (at cost)		3,000
Markup cancellations		1,800		Purchase returns (at sales price)		4,200
Markdowns		9,500		Beginning inventory (at cost)		40,863
Markdown cancellations		3,700		Beginning inventory (at sales price)		50,400
Freight on purchases		3,500

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