Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2018: Cost $ 59,000 323,788 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $ 81,000 468,400 8,600 17,300 398,000 Required: Estimate the ending inventory as of December 31, 2018. (Round "Cost-to-retail percentage" to one decimal place.) Estimated ending inventory at retail Estimated ending inventory at cost