Andover Stores uses the average cost retail method to estimate its ending inventory. Information as of June 30, 2016, is as follows:

		Cost			Retail
Beginning inventory		$ 40,000			$ 77,000
Net purchases		240,000			423,000
Net sales					395,000

Required:

Use the retail method to estimate the June 30, 2016, inventory. (Round "Cost-to-retail percentage" to 1 decimal place.)