The Records at the End of the Period for a Department

The records at the end of the period for a department store reflected the following: $\begin{array} { l } \text {Beginning inventory (retail, \( \$ 26,000 \) ). }&\$22,800 \\ \text {Sales. }&120,000 \\ \text {Sales returns. }& 4,000\\ \text {Purchases (retail, \$152,000). }&103,800 \\ \text { Purchase returns (retail, \( \$ 500 \) )}& 400\\ \text {Freight-in. }& 1,600\\ \text { Additional mark-ups.}& 3,200\\ \text { Mark-up cancellations.}&700 \\ \text { Markdowns.}&8,000 \\ \text { Markdown cancellations.}& 6,000\\ \text { Employee discounts.}&2,000 \\\end{array}$
Compute the ending inventory at approximate lower-of-cost-or-market (average) using the retail inventory method.Show all computations.