Charleston Company has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records:

	Cost			Retail
Merchandise inventory, January 1, 2021	$	265,440		$	420,000
Net purchases		647,948			1,012,000
Net markups					13,200
Net markdowns					3,200
Net sales					606,000
Pertinent retail price indexes:
January 1, 2021		1.00
December 31, 2021		1.10

Required: Estimate the ending inventory for December 31, 2021. (Round "Cost-to-retail percentage" to 2 decimal places.)