Question 8 of 8

Question 8 of 8 View Policies Current Attempt in Progress You assemble the fol lowing information for Windsor Department Store, which computes its inventory under the dollar-value LIFO method. Inventory on January 1, 2020 Purchases Increase in price level for year Cost $333,000 576,000 Retail $450,000 720,000 9% Compute the cost of the inventory on December 31, 2020, assuming that the inventory at retail is (a) $441,450 and (b) $547, 725. (Round ratios for comwtational purposes to O decimal places 78% and final answers to O decimal places, eg. 28, 987.) (a) (b) Cost of the inventory on December 31, 2020 Cost of the inventory on December 31, 2020