Question: I need the answer and formula to this question Help Brief Exercise 9-12 (Algo) Dollar-value LIFO retail [LO9-5) On January 1, 2021, Sanderson Variety Store

I need the answer and formula to this question I need the answer and formula to this question Help Brief Exercise

Help Brief Exercise 9-12 (Algo) Dollar-value LIFO retail [LO9-5) On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: Retail Deginning inventory $ 48,100 $ 74,000 Net purchases 107,740300,000 Net markups 6,000 Net markdown 0,000 Net sales 277,000 retail price index, end of year 1.02 Cost During 2022, purchases at cost and retail were $215,460 and $359,100, respectively. Net markups, net markdowns, and net sales for the year were $9,000, $10,000, and $310,000, respectively. The retail price Index at the end of 2022 was 1.06. Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar. Round ratio calculation to the nearest whole percent.) Ending inventory

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