Brief Exercise 9-12 (Algo) 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: Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, end of year Cost Retail $ 44,850 $ 69,000 171,990 275,000 7,000 9,000 260,000 1.02 During 2022, purchases at cost and retail were $188,550 and $314,250, respectively. Net markups, net markdowns, and net sales for the year were $4,000, $5,000, and $285,000, respectively. The retail price index at the end of 2022 was 1.05. Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) X Answer is complete but not entirely correct. Ending inventory $ 52,171 X