On January 1, 2013, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:

	Cost			Retail
Beginning inventory	$	57,200		$	88,000
Net purchases		231,840			370,000
Net markups					8,000
Net markdowns					10,000
Net sales					347,000
Retail price index, end of year					1.04

During 2014, purchases at cost and retail were $293,580 and $489,300, respectively. Net markups, net markdowns, and net sales for the year were $7,000, $8,000, and $380,000, respectively. The retail price index at the end of 2014 was 1.06.

Calculate the inventory value at the end of 2014 using the dollar-value LIFO retail method.