At what amount would kramer company report ending inventory

Reference no: EM13134125

Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). The following information is available for the year 2010.

Cost Retail
Beginning inventory 84,000 150,000
Purchases 368,000 588,000
Freight-in 16,000
Markups (net) -- 18,000
Markups (net) -- 6,000
Sales 580,000

At what amount would Kramer Company report its ending inventory?

A)96,000
B)96,800
C)106,080
D)108,800

Reference no: EM13134125

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