Check my went Problem 9-11 (Algo) Dollar-value LIFO retail (LO9-5) On January 1, 2021, HGC...
90.2K
Verified Solution
Question
Accounting
Check my went Problem 9-11 (Algo) Dollar-value LIFO retail (LO9-5) On January 1, 2021, HGC Camera Store adopted the dollar-value LIFO retail inventory methodInventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: Deginning inventory Net purchases Treight-in Het markup et sardone Net sales to custom Sales to employees (met of 100 discount) Price Tedex January 1, 2021 December 31, 2021 December 31, 2022 2021 2022 Coat Race Cont Retail $ 57,000 $ 76,000 109,160 126,000 $115,150 $133.400 3.800 4,300 19.000 11,600 3.800 4.000 124,460 120.440 4.500 3,850 1.00 1.07 1.12 Required: Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar value LIFO retail Inventory method. (Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to 2 decimal places and final answers to the nearest whole dollar) 2021 2072 Estimated ending inventory at res Estimated ending inventory.com Estimated cost of goods sold

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.