The records of Flints Boutique report the following data for the month of April. Sales revenue $218,000 Purchases (at cost) $99,000 Sales returns 4,400 Purchases (at sales price) 185,000 Additional markups 20,200 Purchase returns (at cost) 4,400 Markup cancellations 2,700 Purchase returns (at sales price) 6,400 Markdowns 19,700 Beginning inventory (at cost) 60,255 Markdown cancellations 5,900 Beginning inventory (at sales price) 90,000 Freight on purchases 2,500 Compute the ending inventory by the conventional retail inventory method.

Ending inventory using conventional retail inventory method