On January 1, 2016, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:

		Cost		Retail
Beginning inventory	$	40,800	$	68,000
Net purchases		155,440		270,000
Net markups				6,000
Net markdowns				8,000
Net sales				250,000
Retail price index, end of year				1.02

During 2017, purchases at cost and retail were $168,000 and $301,000, respectively. Net markups, net markdowns, and net sales for the year were $3,000, $4,000, and $280,000, respectively. The retail price index at the end of 2017 was 1.06.

Calculate the inventory value at the end of 2017 using the dollar-value LIFO retail method.(Round your intermediate calculations to the nearest whole dollar.)