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Concord Inc. had beginning inventory of $11,970at cost and $21,000at retail. Net purchases were $121,160at cost and $183,000at retail. Net markups were $10,900, net markdowns

Concord Inc. had beginning inventory of $11,970at cost and $21,000at retail. Net purchases were $121,160at cost and $183,000at retail. Net markups were $10,900, net markdowns were $7,500, and sales revenue was $160,000. Compute ending inventory at cost using the LIFO retail method.

Ending inventory using LIFO retail method=????

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