Business, 01.12.2021 02:50 cxttiemsp021

Information for a firm using the dollar value (DV) LIFO retail method follows. The cost to retail (C/R) is provided along with price level indices. The data reflects the use of the method through year one. RetailRetailDV /RCostBase$2001.00$200.40$80year one801.1088.34$30For year two, ending inventory at retail (by count) totaled $450. The ending price-level index for the year was 1.15. The cost-to-retail ratio was .42. What is the ending inventory for financial reporting purposes for this firm

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Information for a firm using the dollar value (DV) LIFO retail method follows. The cost to retail (C...