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Required: Assuming the price level increased from 1.00 at January 1 to 1.15 at December 31, 2021, use the dollar-value LIFO retail method to approximate

image text in transcribed Required: Assuming the price level increased from 1.00 at January 1 to 1.15 at December 31, 2021, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold. (Do not round intermediate calculations. Round final answers to the nearest whole dollar. Enter your answers in thousands.)

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