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	$	261,630		$	405,000
Net purchases		569,775			795,000
Net markups					11,100
Net markdowns					3,600
Net sales					623,400
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.)