Question: The following data concerning the retail inventory method are taken from the financial records of Cullumber Company. Cost Retail Beginning inventory $ 196000 $ 268000

The following data concerning the retail inventory method are taken from the financial records of Cullumber Company.

Cost Retail

Beginning inventory

$ 196000 $ 268000

Purchases 883000 1260000

Freight-in 24800

Net markups 80200

Net markdowns 56900

Sales 1404000

Assuming no change in the price level if the LIFO inventory method were used in conjunction with the data, the ending inventory at cost would be

$100328.

$107727.

$132527.

$106126.

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