Uncle Butch's Hunting Supply Shop reports the following information related to inventory:

Cost Retail

Beginning inventory $$35,000$ $$92,000$

Purchases $75,000200,000$

Net additional markups $15,000$

Net markdowns $(22,000)$

Goods available for sale $$110,000$ $$285,000$

Sales $(178,000)$

Ending inventory at retail $$107,000$

Calculate Uncle Butch's Hunting Supply Shop's ending inventory using the retail inventory method under the lower of average cost or market assumption. Round the cost$-$to$-$retail ratio to $3$ decimal places.