Current Attempt in Progress You assemble the following information for Tamarisk Department Store, which computes its inventory under the dollar-value LIFO method. Cost Retail Inventory on January 1, 2020 $496,800 $690,000 Purchases 883,200 1,104,000 Increase in price level for year 9% Compute the cost of the inventory on December 31, 2020, assuming that the inventory at retail is (a) $676,890 and (b) $839,845. (Round ratios for computational purposes to O decimal places, e.g, 78% and final answers to O decimal places, eg. 28,987.) (a) Cost of the inventory on December 31, 2020 (b) Cost of the inventory on December 31, 2020

Question
Current Attempt in Progress
You assemble the following information for Tamarisk Department Store, which computes its inventory under the dollar-value LIFO
method.
Cost
Retail
Inventory on January 1, 2020
$496,800
$690,000
Purchases
883,200
1,104,000
Increase in price level for year
9%
Compute the cost of the inventory on December 31, 2020, assuming that the inventory at retail is (a) $676,890 and (b) $839,845.
(Round ratios for computational purposes to O decimal places, e.g, 78% and final answers to O decimal places, eg. 28,987.)
(a) Cost of the inventory on December 31, 2020
(b) Cost of the inventory on December 31, 2020
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Current Attempt in Progress You assemble the following information for Tamarisk Department Store, which computes its inventory under the dollar-value LIFO method. Cost Retail Inventory on January 1, 2020 $496,800 $690,000 Purchases 883,200 1,104,000 Increase in price level for year 9% Compute the cost of the inventory on December 31, 2020, assuming that the inventory at retail is (a) $676,890 and (b) $839,845. (Round ratios for computational purposes to O decimal places, e.g, 78% and final answers to O decimal places, eg. 28,987.) (a) Cost of the inventory on December 31, 2020 (b) Cost of the inventory on December 31, 2020

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