On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, end of year During 2022, purchases at cost and retail were $266,420 and $380,600, respectively. Net markups, net markdowns, and net sales for the year were $3,000, $4,000, and $320,000, respectively. The retail price index at the end of 2022 was 1.08. Ending inventory Cost $ 57,000 224,840 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.)

287,000 1.02