Ayayai Company began operations late in 2024 and adopted the conventional retail inventory method. Because there was no beginning inventory for 2024 and no markdowns during 2024, the ending inventory for 2024 was $51,900 under both the conventional retail method and the LIFO retail method. At the end of 2025, management wants to compare the results of applying the conventional and LIFO retail methods. There was no change in the price level during 2025. The following data are available for computations: Cost Retail Inventory, January 1, 2025 $51,900 $71,000 Sales 254,000 Net markups 2,100 Net markdowns 8,600 Purchases 209,000 264,000 Freight-in 13,200 Estimated theft 2,000 Compute the cost of the 2025 ending inventory under the LIFO retail method. (Round ratios for computational purposes to 2 decimal places, e.g. 78.25% and final answers to O decimal places, e.g. 28,987.) Ending inventory at cost Ending inventory at retail $