Question: O n January 1 , 2 0 2 4 , H G C Camera Store adopted the dollar - value LIFO retail inventory method. Inventory

On January 1,2024,HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and
retail, and cost indexes for 2024 and 2025 are as follows:
Required:
Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method.
Note: Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to2 decimal places and final
answers to the nearest whole dollar.
O n January 1 , 2 0 2 4 , H G C Camera Store

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