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Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its...

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Accounting

Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data
has been summarized for December 31,2024:
Required:
Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period.
Note: Do not round your "Cost-to-retail percentage" and round your final answer to the nearest whole number.
Estimated ending inventory
image

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