On January $1,2021,$ the Brunswick Hat Company adopted the dollar$-$value LIFO retail method. The following data are available for

$2021$:

Required:

Calculate the estimated ending inventory and cost of goods sold for $2021$ using the information provided. $($Do not round intermediate

calculations.$)$On January $1,2021,$ the Brunswick Hat Company adopted the dollar$-$value LIFO retail method. The following data are available for $2021$:

Cost Retail

Beginning inventory $ $71,280$ $ $132,000$

Net purchases $112,500255,000$

Net markups $6,000$

Net markdowns $11,000$

Net sales $232,000$

Retail price index, $12/31/20211\mathrm{.}04$

Required:

Calculate the estimated ending inventory and cost of goods sold for $2021$ using the information provided. $($Do not round intermediate calculations.$)$