When you undertook the preparation of the financial statements for Cullumber Company at January 31, 2021, the following data were available: At Cost $89,060 Inventory, February 1, 2020 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchases returns and allowances Sales returns and allowances At Retail $98,300 34,700 63,700 19,500 10,800 288,000 315,000 6,400 10,300 218,500 4,600 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