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Murdock Industries Uses a Periodic Inventory System and the LIFO

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Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data has been summarized for December 31, 2018: Murdock Industries uses a periodic inventory system and the LIFO retail method to estimate its ending inventories. The following data has been summarized for December 31, 2018:   Required: Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period. Required:
Estimate the LIFO cost of ending inventory. Assume stable retail prices during the period.

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