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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

image text in transcribed 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, 2024: Required: Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period. Note: Round "Cost-to-retail percentage" to the nearest whole percent

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