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.
Definitions:
Mentoring Programs
Structured relationships or partnerships where experienced individuals (mentors) guide and support the development of less experienced individuals (mentees).
Apprenticeship Programs
Structured training programs that combine on-the-job learning with classroom instruction, aimed at preparing individuals for a specific trade or profession.
Labour Productivity
A measure of economic performance that calculates the output produced per unit of labor input.
Apprenticeship Programs
Training programs where individuals learn a trade or profession through practical experience under the guidance of skilled workers.
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