Problem 151 Flint Department Store wishes to use the retail LIFO method of valuing inventories for 2018. The appropriate data are as follows: At Retail $2,100,000 3,500,000 3,185,000 105 At Cost $1,250,000 2,100,000 December 31, 2017 inventory (base layer) Purchases (net of returns, allowances, markups, and markdowns) Sales revenue Price index for 2018 Complete the following schedule. (Do not leave any answer field blank. Enter 0 for amounts.) Computation of Retail Inventory for 2018 Inventory, December 31, 2017 Purchases (net of returns, allowances, markups, and markdowns) Cost Retail Ratio Total available Less: Sales Inventory, December 31, 2018, at retail Adjustment of Inventory to LIFO Basis Ending inventory at base year price:s Beginning inventory at base year prices Increase at base year prices Cost Retail Increase at 2018 retail Increase at 2018 cost Inventory, December 31, 2018 at LIFO cost Click if you would like to Show Work for this question: Open Show Work