Fuque Inc. uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2015.

Inventory, October 1, 2015
At cost		$ 52,880
At retail		78,900
Purchases (exclusive of freight and returns)
At cost		299,474
At retail		428,100
Freight-in		17,000
Purchase returns
At cost		5,610
At retail		8,800
Markups		9,300
Markup cancellations		2,300
Markdowns (net)		3,600
Normal spoilage and breakage		10,400
Sales revenue		396,900

Using the conventional retail method, prepare a schedule computing estimated lower-of-cost-or-market inventory for October 31, 2015. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)