Question: please solve it and show work . please do it As soon as possible . its my Exam time is very limited . thanks TASK
TASK 5 - Dollar-value LIFO-retail method. The records of Heese Stores provided the following data for the vear: Other data are: Freight-in, $14,000; net markups, $8,000; net markdowns, $6,000; and the price index for the year is 110 . Instructions Determine the approximate valuation of the final inventory by the dollar-value, LIFO-retail method. Label all figures
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