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

	Cost			Retail
Beginning inventory	$	78,660		$	138,000
Net purchases		102,800			261,000
Net markups					8,000
Net markdowns					12,000
Net sales					224,000
Retail price index, 12/31/16					1.20

Required:

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

Ending inventory at retail
Ending inventory at cost
Cost of goods sold