On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail Inventory method. Accounting records provided the following information: Beginning inventory Net purchases Net sarkups Net sarkdowns Net sales Retail price index, end of year Cost Retail $ 51,500 $ 86,000 207,640 360, eee 6, een 8,eee 337,00 1.04 Estimate ending inventory using the dollar-value LIFO retall method (Round ratlo calculation to 2 decimal places (l.e., 0.1234 should be entered as 12.34%.)) Retail Cost to retard 6 Cost Ratio $ 51.600 207,640 Beginning inventory Plus: Net purchases Netmarkups Less: Net markdowns Goods available for sale (excluding beginning inventory Goods available for sale (including beginning inventory 80,000 360,000 0.000 (8.000) 358.000 444.000 207.640 250 240 Baselayer cost-to-retail percentage 2021 layer cost-to-retail percentage Less: Not sales Estimated ending inventory at current year retail prices Estimated ending inventory cost Estimated cost of goods sold (337.000) 107.000 $