Brief Exercise 9-12 (Algo) Dollar-value LIFO retail [LO9-5]

On January 1, 2024, Select Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:

	Cost	Retail
Beginning inventory	$ 42,350	$ 77,000
Net purchases	165,890	315,000
Net markups		9,000
Net markdowns		11,000
Net sales		292,000
Retail price index, end of year		1.04

During 2025 (the following year), purchases at cost and retail were $192,750 and $385,500, respectively. Net markups, net markdowns, and net sales for the year were $4,000, $5,000, and $325,000, respectively. The retail price index at the end of 2025 was 1.05. Estimate ending inventory in 2025 using the dollar-value LIFO retail method.

ENDING INVENTORY : ?