Stellar 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 August 2018.

Inventory, August 1, 2018
At cost		$90,700
At retail		137,400
Purchases (exclusive of freight and returns)
At cost		207,702
At retail		263,400
Freight-in		22,200
Purchase returns
At cost		9,500
At retail		13,000
Markups		8,900
Markup cancellations		2,900
Markdowns (net)		16,600
Normal spoilage and breakage		5,600
Sales		310,000

(a) Using the conventional retail method, compute estimated lower-of-cost-or-market inventory for August 31, 2018. (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 at lower-of-cost-or-market

$_____________