Green Acres Co. has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records: Pertinent retail price indexes:

	Cost			Retail
Merchandise inventory, January 1, 2021	$	232,870		$	365,000
Net purchases		488,000			755,000
Net markups					10,300
Net markdowns					2,800
Net sales					552,200
January 1, 2021		1.00
December 31, 2021		1.10

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