Retail$-$Mart values its inventory using the conventional retail inventory method. It discloses the following data for the month of June.

Cost Selling Price

Inventory $($beginning$),$ June $1$ $$107,600$ $$160,000$

Markdowns $42,000$

Markups $58,000$

Markdown cancellations $20,000$

Markup cancellations $18,000$

Purchases $346,400447,200$

Sales $500,000$

Purchase returns and allowances $6,0007,200$

Sales returns and allowances $20,000$

Compute estimated inventory at June $30$ using the conventional retail inventory method.

$$ Note: Use negative signs as appropriate in the following schedule.