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The inventory at January 1, 2019, had a retail val method. Transactions during 2019 were as follows: Cost $165,860 5,600 4,100 Reta $400,0 29,0 Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns 323,01 10,00 3,5 30,000 16,06 29,00 Sales to employees are recorded net of discounts. C. The retail value of the December 31, 2020, invento LIFO retail method was 67%, and the appropriate 8. The retail value of the December 31, 2021, invento retail method was 66%, and the appropriate price ed: mate ending inventory for 2019 using the conventiona The inventory at January 1, 2019, had a retail val method. Transactions during 2019 were as follows: Cost $165,860 5,600 4,100 Reta $400,0 29,0 Gross purchases Purchase returns Purchase discounts Gross sales Sales returns Employee discounts Freight-in Net markups Net markdowns 323,01 10,00 3,5 30,000 16,06 29,00 Sales to employees are recorded net of discounts. C. The retail value of the December 31, 2020, invento LIFO retail method was 67%, and the appropriate 8. The retail value of the December 31, 2021, invento retail method was 66%, and the appropriate price ed: mate ending inventory for 2019 using the conventiona