7-Ch9

Brief Exercise 9-11 Dollar-value LIFO retail [LO9-5 uary 1, 2018, Sanderson Variety Store adopted the dollar-value LIFO retalil Inventory method. Accounting records provided the following information 56,000 80,000 223,040 330,000 6,000 8,000 307,000 1.02 Net pure Net markdowns Estimate ending inventory using the dollar-value LIFO retail method. (Round your I dollar.) late calculatlons to the nearest whole Answer is complete but not entirely correct. Cost-to- Cost 56,000s 80,000 330,000 6,000 8,000 328,000 408,000 Net markups 223,040 279,040 0%