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3 Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Cost Retail $192,000
3 Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory. Accounting records provide the following information: Cost Retail $192,000 $320, 000 371,200 Merchandise inventory, January 1, 2018 Net purchases Net markups Net markdowns 000'6 000'099 eBook Net sales Print References Related retail price indexes are as follows: January 1, 2018 December 31, 2018 1. 10 Required: Determine ending inventory and cost of goods sold. Ending inventory at retail Ending inventory at cost Cost of goods sold
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