Plank Co. uses the retail inventory method. The following information is available for the current year.

	Cost	Retail
Beg Inv	$ 312,000	$ 488,000
Purchase	1,180,000	1,660,000
Freight-in	20,000	-
Employee discount	-	8,000
Net mark ups	-	60,000
Net mark downs	-	80,000
Sales Revenues	-	1,560,000

Assuming that the LIFO inventory method is used, that the beginning inventory is the base inventory when the index was 100, and that the index at year end is 112, what is the ending inventory at dollar-value LIFO retail cost?