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Short term operating assets inventory The Jensen Store has the following data for inventory: Cost Retail Inventory, January 1 $228,000 $330,000 Purchases for January 370,000

Short term operating assets inventory

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The Jensen Store has the following data for inventory: Cost Retail Inventory, January 1 $228,000 $330,000 Purchases for January 370,000 480,000 Sales for January 429,000 The store uses the dollar - value LIFO retail method. The price index for the year is 1.08. The price index that pertains to the beginning inventory is 1.00. What is the retail value of the ending inventory at January 31? . .... O A. $810,000 O B. $381,000 O C. $598,000 O D. $909,000

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