On January 1, 2021, Goodbye Electronics Outlets adopted the conventional retail method of accounting for its merchandise inventory.

Determine the company’s ending inventory under the conventional retail method. (Round percentages to two decimal places.)

Inventory, 1/1/2021 Markdowns Additional markups Markdown cancellations Markup cancellations Net purchases Sales Cost $ 45,730 155,500 Retail $ 68,000 17,850 28,500 6,500 3,500 190,000 195,500