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 $ 114,000 353,47 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $163,000 539,000 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-retail percentage" and round your final answer to the nearest whole number.) Estimated ending inventory