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Marin Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2019. At that time the inventory had a cost of $52,000 and a

Marin Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2019. At that time the inventory had a cost of $52,000 and a retail price of $100,000. The following information is available.

Year-End Inventory at Retail

Current Year CostRetail %

Year End Price Index

2019 $119,780 60% 106
2020 147,400 63% 110
2021 124,260 64% 114
2022 148,750 61% 125

The price index at January 1, 2019, is 100. Compute the ending inventory at December 31 of the years 20192022.

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