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Oriole Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 313000 Beginning inventory $499000 Purchases 1090000
Oriole Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 313000 Beginning inventory $499000 Purchases 1090000 1740000 Freight-in 26000 8100 Employee discounts Net markups 63000 Net markdowns 88000 Sales revenue 1590000 Assuming that the LIFO inventory method is used, that the beginning inventory is the base inventory when the index was 100, and that the index at year end is 112, the ending inventory at dollar-value LIFO retail cost is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.) $346143. $324849. $350120. $370020
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