What is ending inventory at lower-of-cost-or-market?

Blossom Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The folloning data pertain to a single department for the month of October 2018. Inventory, October 1, 2018 At cost $52,900 79,200 At retail Purchases (exclusive of frelght and returns) At cost t retail 307,532 430,400 16,400 Freight-in Purchase returns 5,700 8,200 9,000 2,000 ,500 ,900 88,500 t cost At retail Markups Markup cancellations Markdowns (net) Normal spollage and breakage Sales revenue (a) Using the conventional retail method, prepare a schedule computing estimated lower-of.cost-or-market inventory for October 31, 2018. (Round ratios for computational purposes to O decinal places, e.g 78% and final answer to 0 decinal places, eg. 28.987.) Ending inventory at lower-of-cost-or-market