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Pharoah Co uses the retail inventory method. The following information is available for the current...

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Accounting

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Pharoah Co uses the retail inventory method. The following information is available for the current year, Retail Cost $321000 Beginning inventory $496000 Purchases 1110000 1770000 19500 Freight-in Employee discounts 8700 65000 Net markups Net markdowns 91000 Sales revenue 560000 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 decimal places.) $396025 $387987 $321408 S4367790

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