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The records of Blossom Stores provided the following data for the year: Cost Retail (Base inventory) Inventory, January 1 $159,500 $285,000 Net purchases 833,000 1,306,000

The records of Blossom Stores provided the following data for the year:

Cost Retail
(Base inventory) Inventory, January 1 $159,500 $285,000
Net purchases 833,000 1,306,000
Sales revenue 1,227,500

Other data are: Freight-in, $16,000; net markups, $8,000; net markdowns, $6,500; and the price index for the year is 109. Determine the approximate valuation of the final inventory by the dollar-value, LIFO-retail method. (Round ratio to 2 decimal places, e.g. 75.35% and final answer to 0 decimal places, e.g. 5,275.)

Final inventory $

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