Wyatt Company adopts the dollar-value LIFO retail inventory method on January 1, 2019. The company’s records reveal that the inventory on January 1, 2019, had a cost of $75,000 and a retail value of $120,000. During 2019, the cost of purchases made was $110,000, and the retail value was $165,000. In addition, net markdowns were $6,000, net additional markups were $8,000, and sales were $147,000. The price index on January 1, 2019, was 100, and the index for 2019 was 110.

Required:
Compute the cost of inventory on December 31, 2019. Round the cost-to-retail ratio to 3 decimal places.