Business
Business, 07.12.2019 00:31, deannajd03

Geese company utilizes the dollar-value lifo retail inventory method. its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. the company determined that beginning inventory at retail was $200,000 and that ending inventory at current-year retail prices was $250,000. the current-year price index is 1.10. during the current year, a new inventory layer at base-year retail prices was added in the amount of (round your answer to the nearest dollar amount)

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