On January 1,2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions...
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On January HGC Camera Store adopted the dollarvalue LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for and are as follows:On January HGC Camera Store adopted the dollarvalue LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for and are as follows: Required: Estimate the and ending inventory and cost of goods sold using the dollarvalue LIFO retail inventory method. Note: Do not round other intermediate calculations. Round your costtoretail percentage calculation to decimal places and final answers to the nearest whole dollar. Cost Retail Cost Retail Beginning inventory $ $ Net purchases $ $ Freightin Net markups Net markdowns Net sales to customers Sales to employees net of discount Price Index: January December December Required: Estimate the and ending inventory and cost of goods sold using the dollarvalue LIFO retail inventory method. 
On January HGC Camera Store adopted the dollarvalue LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for and are as follows:On January HGC Camera Store adopted the dollarvalue LIFO retail inventory method. Inventory transactions at
both cost and retail, and cost indexes for and are as follows:
Required:
Estimate the and ending inventory and cost of goods sold using the dollarvalue LIFO retail inventory
method.
Note: Do not round other intermediate calculations. Round your costtoretail percentage calculation to decimal
places and final answers to the nearest whole dollar.
Cost Retail Cost Retail
Beginning inventory $ $
Net purchases $ $
Freightin
Net markups
Net markdowns
Net sales to customers
Sales to employees net of discount
Price Index:
January
December
December
Required:
Estimate the and ending inventory and cost of goods sold using the dollarvalue LIFO retail inventory method.
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