Late in 2011, Joan Seceda and four other investors took the chain of Becker Department Stores private, and the company has just completed its third year of operations under the ownership of the investment group. Andrea Selig, controller of Becker Department Stores, is in the process of preparing the year-end financial statements. Based on the preliminary financial statements, Seceda has expressed concern over inventory shortages, and she has asked Selig to determine whether an abnormal amount of theft and breakage has occurred. The accounting records of Becker Department Stores contain the following amounts on November 30, 2014, the end of the fiscal year. Cost Retail Beginning inventory $ 77,100 $102,500 Purchases 254,100 400,200 Net markups 56,800 Net markdowns 118,200 Sales revenue 320,900 According to the November 30, 2014, physical inventory, the actual inventory at retail is $115,420. Assuming that prices have been stable, calculate the value, at cost, of Becker Department Stores ending inventory using the last-in, first-out (LIFO) retail method.