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the cost to retail percentage is 76%the ending inventory for 2021 is 24,070 what is...

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Accounting

the cost to retail percentage is 76%
the ending inventory for 2021 is 24,070
what is the ending inventory for 2022?
image
Canova Corporation adopted the dollar-value LIFO retail method on January 1, 2021. On that date, the cost of the inventory on hand was $19,000 and its retail volue was $25,000. Information for 2021 and 2022 is as follows: Ending Inventory Retail Price Cost-to-Retail Date at Beta Tercentage 12/31/2021 $39.000 2.30 12/31/2022 $51.000 1.50 SON Index 788 Requir 1. What cost-to-retail percentage for the inventory on hand at 1920212 2. Calculate the inventory value at the end of 2021 and 2022 using the dollar value LIFO retail method, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO retail method. (Round your answers to the nearest whole dollar amount.) 2021 2022 Ending Inventory

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