Mays Dress Shops inventory at cost on January 1 was $41,000. Its retail value was $61,000. During the year, May purchased additional merchandise at a cost of $195,400 with a retail value of $395,400. The net sales at retail for the year were $350,000. Calculate Mays inventory at cost by the retail method. (Round the "cost ratio" to the nearest whole percent.)

	Cost	Retail
Beginning inventory
Purchases
Cost of goods available for sale
Less net sales for year
Ending inventory at retail
Cost ratio			%
Ending inventory at cost