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 Inventory, January 1 $109,000 Retail $158,000 323,280 536,500 Purchases Net markups Net markdowns Net sales 13,900 8,100 515,000 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