Question: On January 1 , 2 0 2 4 , Select Variety Store adopted the dollar - value LIFO retail inventory method Accounting records provided the

On January 1,2024, Select Variety Store adopted the dollar-value LIFO retail inventory method Accounting records provided the following information:
\table[[,Cost,Retail],[Beginning inventory,40,800,68,000],[Net purchases,155,440,270,000],[Net markups,,6,000],[Net markdowns,8,000,],[Net sales,250,000,],[Retail price index, end of year,,1.02.]]
Estimate ending inventory using the dollar-value LIFO retail method.
On January 1 , 2 0 2 4 , Select Variety Store

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