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On January 1,2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following...

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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 $ 82,600 $ 140,000
Net purchases 119,500247,000
Net markups 4,000
Net markdowns 12,000
Net sales 217,000
Retail price index, 12/31/20241.08
Required:
Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided.On January 1,2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for
2024:
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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