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 $ 81,000 $ 150,000 Net purchases 121,500 278,000 Net markups 8,000 Net markdowns 16,000 Net sales 228,000 Retail price index, 12/31/16 1.20 Required: Calculate the estimated ending inventory and cost of goods sold for 2016.