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Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). The following information is available for the year 2010. Cost Retail Beginning

Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). The following information is available for the year 2010. Cost Retail Beginning inventory 84,000 150,000 Purchases 368,000 588,000 Freight-in 16,000 Markups (net) -- 18,000 Markups (net) -- 6,000 Sales 580,000 At what amount would Kramer Company report its ending inventory? A)96,000 B)96,800 C)106,080 D)108,800

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