12 Brief Exercise 9-12 Dollar-value LIFO retail [LO9-5] On January 1, 2018, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: 0.71 polnts Cost Retail $ 57,200 $ 88,000 Beginning inventory Net purchases Net markups 231,840 370,000 8,000 10,000 347,000 1.04 Net markdowns Net sales Retail price index, end of year During 2019, purchases at cost and retail were $293,580 and $489,300, respectively. Net markups, net markdowns, and net sales for the year were $7,000, $8,000, and $380,000, respectively. The retail price index at the end of 2019 was 1.06. Estimate ending inventory in 2019 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) 8 Answer is complete but not entirely correct. Ending inventory $ 132,063 X