Question: Brief Exercise 9-13 Your answer is incorrect. Try again. Carla Inc. had beginning inventory of $10,974 at cost and $18,600 at retail. Net purchases were

 Brief Exercise 9-13 Your answer is incorrect. Try again. Carla Inc.

Brief Exercise 9-13 Your answer is incorrect. Try again. Carla Inc. had beginning inventory of $10,974 at cost and $18,600 at retail. Net purchases were $118,765 at cost and S165,100 at retail. Net markups were S10,000, net markdowns were S6,400, and sales revenue was $143,700. Assume the price level increased from 100 at the beginning of the year to 121 at year-end Compute ending ventory at cost using the dollar-value LIFO retail method. (Round ratios for comp tati al purposes to 1 decima, ace, e 9 78.7% and final answer to 0 decimal places, eg. 28,987.) Ending inventory using the dollar-value LIFO retail method 43600

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