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The records of Crane Stores provided the following data for the year: Other data are: Freight-in, $15,000; net markups, $8,500; net markdowns, $6,500; and the

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The records of Crane Stores provided the following data for the year: Other data are: Freight-in, $15,000; net markups, $8,500; net markdowns, $6,500; and the price index for the year is 110 . Determine the approximate valuation of the final inventory by the dollar-value, LIFO-retail method, (Round ratio to 2 decimal places, e.g. 0.75 and final answer to 0 decimal places, e.g. 5,275. Final indentory

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