On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: 

Estimate ending inventory using the dollar-value LIFO retail method and the information provided.

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Cost Retail $ 40,800 $ 68,000 Beginning inventory Net purchases Net markups 155,440 270,000 6,000 8,000 Net markdowns Net sales 250,000 Retail price index, end of year 1.02