Westcoast Purveyors had 321 computer system in stock at the end of the year. Inventory records show the following information: Date Qty Cost Total Cost January 1 Beginning Inventory 50 $1,398 $69,900 June 21 Purchase 50 1,122 56,100 August 1 Purchase 300 894 268,200 October 23 Purchase 200 1,146 229,200 November 16 Purchase 100 1,434 143,40 Total available for sale 700 $766,800 Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. Use the lower-of-cost-or-market rule to determine the value (in $) of the following inventory for Save-Mor Merchandisers. Item Qty Cost Market Valuation Basis Amount Raincoats 470 $58 $88 ---Select--- V Birdcages 315 60 38 ---Select--- V Radios 222 45 44 ---Select--- V Calculators 377 17 14 ---Select--- V DINLE Video Games 467 40 33 ---Select--- V Total Value of Inventory On July 1, the total inventory for Save-Mor Merchandisers was $614,100. Net purchases during the month were $319,900 and sales amounted to $611,400. Gross margin on sales was 69%. Estimate the cost value of the inventory as of July 31 using the gross profit method (in $)