On January 1, 2016, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2016 and 2017 are as follows:

	2016						2017
	Cost			Retail			Cost			Retail
Beginning inventory	$	49,000		$	70,000
Net purchases		99,250			123,000		$	105,764		$	129,700
Freight-in		3,500						4,000
Net markups					17,500						11,000
Net markdowns					3,500						3,700
Net sales to customers					124,460						116,240
Sales to employees (net of 20% discount)					2,800						6,400
Price Index:
January 1, 2016											1.00
December 31, 2016											1.04
December 31, 2017											1.08

Required:

Estimate the 2016 and 2017 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method. (Round your cost-to-retail percentage calculations to 2 decimal places.)

	2016	2017
Estimated ending inventory at retail
Estimated ending inventory at cost
Estimated cost of goods sold