Question: Plank Co. Uses The Retail Inventory Method. The Followin Plank Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory S234,000 S366,000 Purchases 885,000 1,245,000 Freight-in 15,000 Employee discounts 6,000 Net markups Purchases 885,000 1,245,000 Freight-in 15,000 Employee discounts + 6,000 Net markups 45,000 Net markdowns 60,000 Sales revenue 1.170,000 Assuming that the LIFO Inventory method is used, that the beginning inventory is the base inventory wh the Index was 100, and that the Index at year end is 112. the ending inventory at dollar-value LIFO retail.c! is