On January 1, 2016, HarrisonCompany adopted the dollar-value LIFO retail method. The following data are available for 2016:

CostRetailBeginning inventory$82,600$140,000Net purchases119,500247,000Net markups4,000Net markdowns12,000Net sales217,000Retail price index, 12/31/161.08

Required:Calculate the estimated ending inventory and cost of goods sold for 2016.

Ending Inventory at retail: 162,000 (I figured this out already)

Ending inventory at cost:

Cost of Goods sold:

Please give full explanation as possible thank you!

Sidenote: I tried calculating for ending inventory of cost and kept getting either 87825.04 or 87784 and they are not correct i've checked, so I'm not sure what I did wrong