Question: Please bold answer, thank you for your help. I will be sure to thumbs up your answer. On January 1, 2021, Sanderson Variety Store adopted

Please bold answer, thank you for your help. I will be sure to thumbs up your answer.

On January 1, 2021, Sanderson Variety Store adopted the dollar-value LIFO retail inventory method. Accounting records provided the following information: During 2022 , purchases at cost and retail were $168,000 and $301,000, respectively. Net markups, net markdowns, and net sales for the year were $3,000,$4,000, and $280,000, 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.)

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