Question: Current Attempt in Progress The following data concerning the retail inventory method are taken from the financial records of Crane Company Cost Retail $196000

Current Attempt in Progress The following data concerning the retail inventory method

Current Attempt in Progress The following data concerning the retail inventory method are taken from the financial records of Crane Company Cost Retail $196000 $271000 Beginning inventory Purchases 896000 1250000 24600 Freight-in Net markups Net markdowns 80500 $7000 Sales 1444000 Assuming no change in the price level if the LIFO Inventory method were used in conjunction with the data, the ending inventory at cost would be O $72666 $97286 O $70061 O $74016

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