Presented below is information related to Wildhorse Company.

                                             Cost                      Retail

Beginning inventory             $295,812               $275,000

Purchases                            1,398,000             2,137,000

Markups                                                                 94,000

Markup cancellations                                             15,100

Markdowns                                                             37,900

Markdown cancellations                                           4,800

Sales revenue                                                    2,238,000         

Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method =