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information follaws: a. The imventary at January 1,2022 , had a retail value of $37,000 and a cost of $30,090 bosed on the coriveritional retail
information follaws: a. The imventary at January 1,2022 , had a retail value of $37,000 and a cost of $30,090 bosed on the coriveritional retail method. b. Transactions during 2022 were as follows: Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, Inventory was 568,850, the cost-to-retail percentage for 2023 under the LIFO retail method was 70%, and the appropriate price index was 102% of the Jaruary 1, 2023. price level. d. The ret 31l value of the December 31,2024 , inventory was $40,950, the cost-to-ret 31 percentage for 2024 under the LIFO retail method was 69%, and the appropriate price index was 105\% of the danuary 1, 2023, price level. Requlred: 3. Assume Raleigh Department Store adopts the dellar-qalue LIFO retail method on Jaruary 1, 2023, Estimate cnding imventory for 2023 and 2024. Note: Round your cost-to-retail percentage calculation to 2 decimal places (i,-., 0,1234 should be entered as 12.34) and final answers to the nearest whole dollar
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