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Business, 15.07.2020 03:01 jayjay5246

on January 1, 2021, the Cold Stone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $180,000 and $282,000, respectively. Net purchases during the year at cost and at retail were $604,500 and $920,000, respectively. Markups during the year were $10,000. There were no markdowns. Net sales for 2021 were $900,000. The retail price index at the end of 2021 was 1.04. What is the inventory balance that Coldstone would report in its 12/31/2021 balance sheet

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on January 1, 2021, the Cold Stone Corporation adopted the dollar-value LIFO retail inventory method...
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