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The Toso Company uses the retail inventory method. The following information is available for the year ended December 31,2024 : Assume that on 1/1/2024 Toso

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The Toso Company uses the retail inventory method. The following information is available for the year ended December 31,2024 : Assume that on 1/1/2024 Toso adopted the dollar-value LIFO retail inventory method and that the retail price index at the end of 2024 is 1.02. Toso's inventory at December 31,2024 , is estimated at: $469,000. $477,392. $405,035. $395,262

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