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  3. cullumber co uses the retaill inventory method the following information...

Question: cullumber co uses the retaill inventory method the following information...

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Cullumber Co. uses the retaill inventory method. The following information is available for the current year Cost Retail Beginning inventory 321000 492000 1230000 1730000 Purchases 9000 60000 78000 1530000 Employee discounts Net markups Net markdowns Sales revenue Assuming that the LIFO inventory method is used, that the beginning inventory is the base inventory when the index was 100, and that the index at year end is 112, the ending inventory at dollar-value LIFO retail cost is (Hint: Round intermediate calculation to 3 decimal places, e.g.0.635 and final answer to 0 decimal places.) 357192 $394871 $403735 $434960

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