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on january 1, 2024, the brunswick hat company adopted the dollar-value lifo retail method. the...

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Accounting

On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: Cost Retail Beginning inventory $ 84,600 $ 141,000 Net purchases 129,500 264,000 Net markups 5,000 Net markdowns 10,000 Net sales 229,000 Retail price index, 12/31/2024 1.20 Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations

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