Determine the ending inventory under the conventional retail method for the furniture department of Novak Department Stores from the following data. (Round ratio of cost to selling price to 2 decimal places, e.g. 61.25 and final answer to 0 decimal places, e.g. 5,125.) Cost Retail Inventory, Jan. 1 $149,500 $280,400 Purchases 1,353,800 2,174,100 Freight-in 71,000 Markups, net 91,700 Markdowns, net 49,200 Sales revenue 2,269,400 Ending inventory $