Sheridan Inc. had a beginning inventory of $12,033 at cost and $19,100 at retail. Net purchases were $115,665 at cost and $159,400 at retail. Net markups were $11,000, net markdowns were $6,800, and sales revenue was $137,600. Assume the price level increased from 100 at the beginning of the year to 109 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.)