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 Inventory, January 1 Purchases Net markup Net markdown Net sales Cost 8114,000 353, 470 Retall 5163.000 539,000 14,400 8,600 520,000 Required: Estimate the LIFO cost of ending Inventory. Assume stable retail prices during the period. (Do not round your "Cost-to-retall percentage" and round your final answer to the nearest whole number.) Estimated ending inventory