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, 2018: Cost Retail Inventory, January 1 $ 125,000 $ 174,000 Purchases 360,620 544,500 Net markups 14,700 Net markdowns 8,900 Net sales 531,000 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.)