A small toy store uses the retail method FIFO,LCM to value its inventory.The following information is available for 2005: 
Net Markdowns
Required: Determine the December 31,2005 inventory cost under the retail method-FIFO basis.
Definitions:
Cooling Capacity
Cooling capacity is the measure of a cooling system's ability to remove heat. It's often measured in BTUs (British Thermal Units) or watts.
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