Sheffield Inc. had beginning inventory of $10,974 at cost and $18,600 at retail. Net purchases were $118,765 at cost and $165,100 at retail. Net markups were $10,000, net markdowns were $6,400, and sales revenue was $143,700. Assume the price level increased from 100 at the beginning of the year to 121 at year-end. Compute ending inventory at cost using the dollar-value LIFO retail method. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.) Find Ending inventory using the dollar-value LIFO retail method