Jayne's Department Store had net retail sales of $$310,000$ during the current year. The following additional information was obtained from the accounting records.

At Cost

At Retail

Beginning inventory

$ $55,000$

$ $95,000$

Net purchases for the period

$169,000$

$290,000$

Freight$-$in

$7,000$

Estimate the company's ending inventory at cost using the retail method. $($Show your work.$)$