Waterway Inc. had beginning inventory of $11,660 at cost and $22,000 at retail. Net purchases were $101,640 at cost and $167,100 at retail. Net markups were $10,000, net markdowns were $7,700, and sales revenue was $137,100. Compute ending inventory at cost using the 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.)

Ending inventory using LIFO retail method?