Kramer Company values its inventory by using the retail method (LIFO basis, stable prices) . The following information is available for the year 2014. 
At what amount would Kramer Company report its ending inventory?
Definitions:
Group Brainstorming
A collective thinking process in which group members generate ideas or solutions to a problem in a non-judgmental environment.
Solitary Brainstorming
is a process where an individual generates ideas or solutions on their own without the influence or interruption of a group setting.
Group Brainstorming
is a creative technique where individuals come together to generate ideas or solve problems collectively, leveraging the power of diverse perspectives.
Electronic Brainstorming
A form of brainstorming that uses electronic methods, such as online collaboration tools, to generate ideas or solutions in a group setting.
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