When you undertook the preparation of the financial statements for Cullumber Company at January 31, 2021, the following data were available: Inventory, February 1, 2020 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchases returns and allowances Sales returns and allowances At Cost At Retail $70,725 $98,800 34,700 63,600 19,300 10,300 212,000 282,000 315,000 4,200 5,600 9,100 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 $