Question: Green Acres Co. has elected to use the dollar value LIFO retail method to value its inventory. The following data has been accumulated from the

Green Acres Co. has elected to use the dollar value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records: Pertinent retail price indexes: Merchandise inventory, January 1, 2021 Net purchases Net markups Net markdowns Net sales January 1, 2021 December 31, 2021 Cost Retail $232,870 $365,000 488,000 755,000 10,300 2,800 552,200 1.00 1.10 Required: Estimate the cost of ending inventory for December 31, 2021. (Round "Cost-to-retail percentage" to 2 decimal places.) Estimated ending inventory

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