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Charleston Company has elected to use the dollar - value LIFO retail method to value its inventory. The following data has been accumulated from the

Charleston Company has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records:
Cost Retail
Merchandise inventory, January 1,2024 $ 375,840 $ 580,000
Net purchases 691,3081,028,000
Net markups 14,800
Net markdowns 4,800
Net sales 694,000
Pertinent retail price indexes:
January 1,20241.00
December 31,20241.10
Required:
Estimate the ending inventory for December 31,2024.
Note: Round "Cost-to-retail percentage" to 2 decimal places.

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