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

	Cost			Retail
Beginning inventory	$	42,350		$	77,000
Net purchases		165,890			315,000
Net markups					9,000
Net markdowns					11,000
Net sales					292,000
Retail price index, end of year					1.04

During 2022, purchases at cost and retail were $192,750 and $385,500, respectively. Net markups, net markdowns, and net sales for the year were $4,000, $5,000, and $325,000, 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. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.)

Answer is complete but not entirely correct.

Ending inventory

$94,110selected answer incorrect