Buckeye Corporation uses the conventional retail method to value its inventory. The following information is available for the year 2018:

Cost Retail

Merchandise inventory, January 1, 2018 190,000 280,000

Purchases 600,000 860,000

Net Markups - 20,000

Net Markdowns - 4,000

Net Sales - 800,000

Estimate the December 31, 2018, ending inventory at cost. Please round your calculation of the cost-to-retail percentage to the third place (for example, 0.XXX).