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Wildhorse Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 301000 $478000 Purchases 1250000

Wildhorse Co. uses the retail inventory method. The following information is available for the current year.

Cost

Retail

Beginning inventory

$ 301000

$478000

Purchases

1250000

1710000

Freight-in

18000

Employee discounts

8600

Net markups

55000

Net markdowns

75000

Sales revenue

1590000

Assuming that the LIFO inventory method is used, that the beginning inventory is the base inventory when the index was 100, and that the index at year end is 112, the ending inventory at dollar-value LIFO retail cost is (Hint: Round intermediate calculation to 3 decimal places, e.g. 0.635 and final answer to 0 decimal places.)

$358500.

$335040.

$326530.

$323795.

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