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:

		Cost			Retail
Merchandise inventory, January 1, 2016	$	236,430		$	370,000
Net purchases		498,875			760,000
Net markups					10,400
Net markdowns					2,900
Net sales					561,100
Pertinent retail price indexes:
January 1, 2016		1.00
December 31, 2016		1.10

Required:

Estimate the cost of ending inventory for December 31, 2016. (Round "Cost-to-retail percentage" to one decimal place.)