please show step-by step how to solve.

Presented below is information related to Oriole Inc.

		Cost		Retail
Inventory, 12/31/20		$ 246,900		$ 390,200
Purchases		872,060		1,445,000
Purchase returns		60,800		80,300
Purchase discounts		17,800
Gross sales revenue				1,390,800
Sales returns				97,600
Markups				119,800
Markup cancellations				40,700
Markdowns				44,100
Markdown cancellations				20,000
Freight-in		41,700
Employee discounts granted				8,100
Loss from breakage (normal)				4,600

Assuming that Oriole Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (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 the conventional retail inventory method