When you undertook the preparation of the financial statements for Crane Company at January 31, 2021, the following data were available: At Cost $77,520 Inventory, February 1, 2020 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchases returns and allowances Sales returns and allowances At Retail $99,400 35,400 63,200 20,800 10,500 297,000 310,000 6,300 10,800 215,000 4,700 Compute the ending inventory at cost as of January 31, 2021, using the retail method which approximates lower of cost or market. Ending inventory at cost $