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Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method

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Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method on January 1, 2019. At that time the inventory had a cost of $60,000 and a retail price of $100,000. The following information is available Year End Inventory at Retall Current Year Cost-Retall% Year End Price Index 2019 $113.420 60% 106 2020 124,300 65% 110 2021 117420 66% 114 2022 146.250 63% 125 The price index at January 1, 2019. is 100 Compute the ending inwentory at December 31 of the years 2019-2022. (Round ratios for computational purposes to decimal places, as 78% and final answers to decimal places, eg, 28,987.) N 2019 2020 2021 2022 $ S S

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