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The following data are obtained from DK Stores Inc.'s financial records: 2021 Cost $75,600 176,000 1,130 Retail $126,000 244,000 1:32:47 Beginning Inventory Purchases Purchases discount
The following data are obtained from DK Stores Inc.'s financial records: 2021 Cost $75,600 176,000 1,130 Retail $126,000 244,000 1:32:47 Beginning Inventory Purchases Purchases discount Net markups Net markdowns Normal spoilage Sales to customers Sales to employees (after 40% employee discounts) Price index 9,500 10,625 1,200 215,000 9,705 5 1.05 Price indices are based on January 1, 2021 which is the base year. Suppose DK uses the Dollar Value LIFO retail inventory method to account for its inventory. What is the company's ending inventory at cost on 12/31/2021 (rounded to the nearest dollars)? aw
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