Your awer is incorrect Ivanhoe Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31. 2021. follows Cost Rea 5141.000 $224.000 486.000 705.000 Inventory, January 1, 2021 Purchases Freight in Sales 81.500 753.500 165.000 Net markups Net markdowns 77.000 Assuming that there was no change in the price index during the year compute the inventory at December 31, 2021. using the LIFO retail inventory method (Round ratio to 2 decimal places, es. 75.35% and final answer to decimal places, es 5.275) Inventory at December 31, 2021 e Textbook and Media Assistance Used eTextbook