Presented below is information related to Kingbird Corporation. Price Index LIFO Cost Retail Inventory on December 31, 2020, when dollar-value LIFO is adopted 100 $34,200 $77,200 Inventory, December 31, 2021 110? 97,240 Compute the ending inventory under the dollar-value LIFO method at December 31, 2021. The cost-to-retail ratio for 2021 was 60%.
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