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Question(s) / Instruction(s):

*Pr. 9-115—Dollar-value LIFO-retail method.
The records of Evans Stores provided the following data for the year:
                Cost           Retail     
     (Base inventory)     Inventory, January 1     $155,000     $ 250,000
          Net purchases     830,800     1,318,000
          Sales          1,240,000

Other data are: Freight-in, $14,000; net markups, $8,000; net markdowns, $6,000; and the price index for the year is 110.

Instructions
Determine the approximate valuation of the final inventory by the dollar-value, LIFO-retail method. Label all figures.
     Cost     Retail     Ratio

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