Brief Exercise 9-11 (Static) Dollar-value LIFO retail (LO9-5) On January 1, 2021. Sanderson Variety Store adopted the dollar value LIFO retail Inventory method. Accounting records provided the following information: Deginning inventory Net purchases Het markups Het warkdowns Het sales Retail price Index, end of year Cost Retail $ 40,00 $ 68,000 155,440 270,000 6,000 8.000 250,000 1.02 umate ending inventory using the dollar value LIFO retail method. (Round ratio calculation to 2 decimal places (.e., 0.1234 should be entered as 12.34%.) Cost-to-retail ratio $ Cost 40,800 $ 155 440 Boginning inventory Plus Not purchases Not mucaps Less Not markdowns Goods available for sale (excluding beginning inventory) Goods available for sale (including beginning inventory) Retail 68,000 270 000 6.000 (8.60) 200.000 336 000 155 440 195,240 Baselwer costretai petantage 2021 layer cost for percentage