When you undertook the preparation of the financial statements for Ivanhoe Company at January 31, 2021, the following data were available: At Cost At Retail Inventory, February 1, 2020 $74,660 $98,400 Markdowns 34,300 Markups 62,500 Markdown cancellations 19,200 Markup cancellations 10,500 Purchases 229,000 283,500 Sales revenue 315,000 Purchases returns and allowances 4.200 6,100 Sales returns and allowances 9,000 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 $