(Dollar Value LIFO Retail) Springsteen Corporation adopted the dollar value LIFO retail inventory method on January 1, 2011. At that time the inventory had a cost of $54,000 and a retail price of $100,000. The following information is available.

 

Year End
  Inventory at Retail

Current   Year
  Cost—Retail %

Year End
  Price Index

2011

$121,900

57%

106

2012

138,750

60%

111

2013

126,500

61%

115

2014

162,500

58%

125

The price index at January 1, 2011, is 100.

Instructions

Compute the ending inventory at December 31 of the years 2011–2014. Round to the nearest dollar.