The second step, when using dollar-value LIFO retail method for inventory, is to determine the estimated:
A.	Ending inventory at current year retail prices.
B.	Cost of goods sold for the current year.
C.	Ending inventory at cost.
D.	Ending inventory at base year retail prices.
Answer:D
The second step, when using dollar-value LIFO retail method for inventory, is to determine the estimated:
A.	Ending inventory at current year retail prices. B.	Cost of goods sold for the current year. C.	Ending inventory at cost. D.	Ending inventory at base year retail prices.