Check my work 7 On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: 6.25 points Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, end of year Cost Retail $ 48,100 $ 74,000 187,740 300,000 6,000 8,000 277,000 1.02 eBook References During 2022, purchases at cost and retail were $215,460 and $359,100, respectively. Net markups, net markdowns, and net sales for the year were $9,000, $10,000, and $310,000, respectively. The retail price index at the end of 2022 was 1.06. Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) Ending inventory