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:
Cost Retail
Beginning inventory $ 80,460 $ 149,000
Net purchases 117,450269,000
Net markups 7,000
Net markdowns 15,000
Net sales 254,000
Retail price index, 12/31/20241.04

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