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 $87,410 $98,900 34,500 63,400 20,300 10,500 220,000 288,000 320,000 4,100 6,500 11,000 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 $