On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: Retail $ 48,100 $ 74,000 300,000 6,000 Cost Beginning inventory Net purchases Net markups 187,740 0008 277,000 Net markdowns Net sales Retail price index, end of year 1.02 During 2022, purchases at cost and retail were $215,460 and $359,100, respectively. Net markups, net markdowns, and net sales for the year were $9,000, $10,000, and $310,000, respectively. The retail price index at the end of 2022 was 1.06. Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) Ending inventory

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 markups Net markdowns Net sales Retail price index, end of year Cost Retail $ 48,100 $ 74,000 187,740 300,000 6,000 8,000 277,000 1.02 During 2022, purchases at cost and retail were $215,460 and $359,100, respectively. Net markups, net markdowns, and net sales for the year were $9,000, $10,000, and $310,000, respectively. The retail price index at the end of 2022 was 1.06. Estimate ending inventory in 2022 using the dollar-value LIFO retail method (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) Ending inventory