Wildhorse Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $793800 ($977700), purchases during the current year at cost (retail) were $3145800 ($4098300), freight-in on these purchases totaled $188700, sales during the current year totaled $3996000, and net markups (markdowns) were $5700 ($285900). What is the ending inventory value at cost?

8.5.2