For #19 Incorrect answers of 650,951 & $129,580

19 Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data has been summarized for December 31, 2021: 4.54 points Cost $115,000 326,880 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $164,000 539,500 14,500 8,700 521,000 eBook Required: Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period. (Do not round your "Cost-to-retail percentage" and round your final answer to the nearest whole number.) References Estimated ending inventory