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View previous attempt 29 Charleston Company has elected to use the dollar-value LIFO retail method...

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Accounting

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View previous attempt 29 Charleston Company has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records: Cost $292, 560 658, 692 Merchandise inventory, January 1, 2018 Net purchases Net markups Net markdowns Net sales Pertinent retail price indexes: January 1, 2018 December 31, 2018 Retail $ 460,000 1,016,000 13,600 3,600 628,000 1.00 1.10 Required: Estimate the ending inventory for December 31, 2018. (Round "Cost-to-retail percentage" to two decimal place.) Estimated ending inventory (At Retail) Estimated ending inventory (At Cost)

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