On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information:

CostRetailBeginning inventory$60,750$81,000Net purchases243,090335,000Net markups7,000Net markdowns9,000Net sales312,000Retail price index, end of year1.04

During 2022, purchases at cost and retail were $295,750 and $422,500, respectively. Net markups, net markdowns, and net sales for the year were $8,000, $9,000, and $345,000, respectively. The retail price index at the end of 2022 was 1.05.

Estimate ending inventory in 2022 using the dollar-value LIFO retail method.(