THE ANSWER ISN'T 78,924 EITHER

Problem 9-13 Late in 2014, oan Seceda and four other investors took the chain of Nash Department Stores private, and the company has just completed its third year of operations under the ownership of the investment group. Andrea Selig, controller of Nash Department Stores, is in the process of preparing the year-end finandial statements. Based on the preliminary financial statements, Seceda has expressed concern over inventory shortages, and she has asked Selig to determine whether an abnormal amount of theft and breakage has occurred. The accounting records of Nash Department Stores contain the following amounts on November 30, 2017, the end of the fiscal year. Retail Cost $68,100 254,325 Beginning inventory Purchases Net markups Net markdowns Sales revenue 98,500 397,200 50,400 108,500 322,200 According to the November 30, 2017, physical inventory, the actual inventory at retail is $110,500. Your answer is incorrect. Try again. Assuming that prices have been stable, calculate the value, at cost, of Nash Department Stores' ending inventory using the last-in, first-out (LIFO) retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Estimated ending inventory at Cost 80640 LINK TO TEXT