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Crane Variety Store uses the LIFO retail inventory method. Information relating to the computation of the...

Crane Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2021, follows:

    Cost    Retail
Inventory, January 1, 2021 $148,000 $220,000
Purchases 484,000 738,000
Freight-in 84,000
Sales 751,000
Net markups 167,500
Net markdowns 66,000


Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2021, using the LIFO retail inventory method. (Round ratio to 2 decimal places, e.g. 75.35% and final answer to 0 decimal places, e.g. 5,275.)

Inventory at December 31, 2021 $
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