On January 1, year 1, the Willow Bat Company adopted the dollar-value LIFO retail method. The following data are available for year 1: Beginning inventory Cost $77,140 Net purchases Net markups Net markdowns Net sales Retail price index, Dec.31, year 1 111,760 Retail $133,000 259,000 6,000 (11,000) 235,639 1.04 Calculate the estimated ending inventory and cost of goods sold for year 1. (Do not round intermediate calculations.)