Millie & Sons adoptedDollar-Value Retail LIFOon December 31, 2013, when the inventory's retail value was $125,000, and the cost/retail ratio was 75%. On December 31, 2014, the retail value of ending inventory was $185,000, the cost/retail ratio was 78%, and the cost index was 1.05.

Determine theretail valueof the new2014 layerof inventory inbase year dollars.

Compute thetotal estimated December 31, 2014 ending inventory atcostassuming the Dollar-Value Retail LIFO method is used.