To avoid any rounding error in this question, please round any calculations to 4 digits after the decimal.

The following information about Morpheus Incorporated is available for the first quarter of 2020.

Item	Cost	Retail
Beginning inventory	$252,000	$341,000
Net purchases	$234,000	$333,000
Freight-in	$29,000
Net markups		$37,000
Net markdowns		$35,000
Net sales		$495,000

Using the conventional retail inventory method, the estimated ending inventory is

$131,098.30

$137,885.80

$358,528.50

$156,448.80