On January 1, 2018, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:

	Cost			Retail
Beginning inventory	$	52,500		$	75,000
Net purchases		206,040			305,000
Net markups					7,000
Net markdowns					9,000
Net sales					282,000
Retail price index, end of year					1.04

Estimate ending inventory using the dollar-value LIFO retail method.