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Determine the ending inventory under the conventional retail method for the furniture department of Pharoah Department...

Determine the ending inventory under the conventional retail method for the furniture department of Pharoah Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 15.25% and final answer to 0 decimal places, e.g. 5,125.)

Cost Retail
Inventory, Jan. 1 $155,400 $282,800
Purchases 1,375,500 2,128,300
Freight-in 70,200
Markups, net 89,700
Markdowns, net 46,300
Sales revenue 2,223,200
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