Green Acres Co. has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records:Pertinent retail price indexes: Cost Retail Merchandise inventory, January 1, 2021$215,220? $340,000? Net purchases 435,125? 730,000? Net markups 9,800? Net markdowns 2,300? Net sales 507,700? January 1, 2021 1.00? December 31, 2021 1.10? Required:Estimate the cost of ending inventory for December 31, 2021. (Round "Cost-to-retail percentage" to 2 decimal places.)Estimated ending inventory ?
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| Estimated ending inventory | $330,742? |
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Bad Debt Expense is also called
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