Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data has been summarized for December 31, 2021:

	Cost			Retail
Inventory, January 1	$	119,000		$	168,000
Purchases		356,720			541,500
Net markups					15,300
Net markdowns					9,500
Net sales					525,000

Required: Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period. (Do not round your "Cost-to-retail percentage" and round your final answer to the nearest whole number.)