Question: On January 1 , 2 0 2 4 , the Brunswick Hat Company adopted the dollar - value LIFO retail method. The following data are

On January 1,2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024:
CostRetailBeginning inventory$ 73,150$ 133,000Net purchases113,400257,000Net markups8,000Net markdowns13,000Net sales224,000Retail price index, 12/31/20241.12
Required:
Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided.
Note: Do not round intermediate calculations.
Exercise 9-19(Algo) Dollar-value LIFO retail [LO9-5]
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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