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 5111,000 351, 520 Inventory, January 1 Purchases Net markup Met markdowns Net sales Retati $160,000 537,500 14,100 8.300 517.000 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.) Estimated ending inventory