Question
Oriole Inc. had beginning inventory of $11,330 at cost and $20,600 at retail. Net purchases were $119,340 at cost and $181,000 at retail. Net
Oriole Inc. had beginning inventory of $11,330 at cost and $20,600 at retail. Net purchases were $119,340 at cost and $181,000 at retail. Net markups were $9,500, net markdowns were $6,900, and sales revenue was $150,500. Compute ending inventory at cost using the LIFO retail method. (Round ratios for computational purposes to 1 decimal place, eg. 78.7% and final answer to O decimal places, eg. 28,987) Ending inventory using LIFO retail method eTextbook and Media Save for Later Using multiple attempts will impact your score. 25% score reduction after attempt 1 1 Attempts: 1 of 3 used Submit Answer
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