Inventory on January 1, 2025, at cost and retail are $92000 and $138000, respectively. Sheridan Company...
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Inventory on January 1, 2025, at cost and retail are $92000 and $138000, respectively. Sheridan Company established its base year amounts on January 1, 2025. The price index for 2025 was 120 and the cost-retail percentage for 2025 was 70.00%. If ending inventory at retail was $193200, how much would Sheridan's ending inventory be using the dollar-value LIFO retail method? O $135240 O $111320 O $147200 O $193200 Inventory on January 1, 2025, at cost and retail are $92000 and $138000, respectively. Sheridan Company established its base year amounts on January 1, 2025. The price index for 2025 was 120 and the cost-retail percentage for 2025 was 70.00%. If ending inventory at retail was $193200, how much would Sheridan's ending inventory be using the dollar-value LIFO retail method? O $135240 O $111320 O $147200 O $193200
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