Cornhusker Can Co. uses the conventional retail method to estimate ending inventories. The following data has been summarized for year ended December 31, 2021: Cost $ 80,000 166,000 Inventory, January 1 Purchases Net markups Net markdowns Normal spoilage Employee discounts Net sales Retail $126,000 244,000 9,100 8,200 13,200 15,600 238,000 Required: Estimate the cost of ending inventory applying the conventional retail method. Assume that sales are recorded net of employee discounts. (Round "Cost-to-retail percentage" to 1 decimal place.) Ending inventory $ 67,551