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Blossom Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2026, follows: Cost Retail
Blossom Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2026, follows: Cost Retail Inventory, January 1, 2026 $147,000 $224,000 Purchases 483,000 706,000 Freight-in 90,840 Sales 755,500 Net markups Net markdowns 163,500 72,500 Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2026, using the LIFO retail inventory method. (Round ratio to O decimal places, e.g. 75% and final answer to O decimal places, e.g. 5,275.) Inventory at December 31, 2026 $ LA
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