The Henry Store has the following data for inventory: 
The store uses the dollar-value LIFO retail method.The price index for the year is 1.08.The price index that pertains to the beginning inventory is 1.00.Round all ratios to four decimal places.What is the cost of the ending inventory at January 31?
Definitions:
Marginal Cost
The monetary cost of generating one additional unit of a product or service.
Long-Run Average Cost Curve
A graphical representation showing the lowest possible cost per unit that can be achieved for any given level of production when all factors of production are variable.
Average Total Cost
The aggregate expense of manufacturing (sum of constant and variable expenses) spread over the total units produced.
Marginal Cost
The upsurge in full costs resulting from the fabrication of an additional unit of a product or service.
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