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Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $311000 $475000 Purchases 1180000 1590000

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Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $311000 $475000 Purchases 1180000 1590000 15000 Freight-in Employee discounts 8800 Net markups 67000 Net markdowns 77000 Sales revenue 1490000 Assuming that the LIFO inventory method is used that the beginning inventory is the base inventory when the index was 100. and that the index at nd is 112. the ending inventory at dollar-value LIFO retail cost is (Hint: Round intermediate calculation to 3 decimal places, et 35 and final answer to decimal places.) $329295 5327335 $335200 5359100

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