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Marigold Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $59,000 and a
Marigold Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $59,000 and a retail price of $100,000. The following information is available.
| Year-End Inventory at Retail | Current Year CostRetail % | Year End Price Index | |||||
| 2016 | $125,080 | 53% | 106 | ||||
| 2017 | 135,300 | 56% | 110 | ||||
| 2018 | 127,600 | 57% | 116 | ||||
| 2019 | 167,400 | 54% | 124 | ||||
Ending inventory for 2016? 2017? 2018? 2019?
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