Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago Industries, Inc. reported ending inventory at August 29, 2017, of $47,554,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago Industries, Inc. reported a LIFO reserve of $29,278,000 at August 29, 2017.

What would Winnebago Industries, Inc's ending inventory have been if it had used FIFO?

2017 ending inventory assuming FIFO