On January 1, year 1, the Willow Bat Company adopted the dollar-value LIFO retail method. The...

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On January 1, year 1, the Willow Bat Company adopted the dollar-value LIFO retail method. The following data are available for year 1: Beginning inventory Cost $77,140 Net purchases Net markups Net markdowns Net sales Retail price index, Dec.31, year 1 111,760 Retail $133,000 259,000 6,000 (11,000) 235,639 1.04 Calculate the estimated ending inventory and cost of goods sold for year 1. (Do not round intermediate calculations.) On January 1, year 1, the Willow Bat Company adopted the dollar-value LIFO retail method. The following data are available for year 1: Beginning inventory Cost $77,140 Net purchases Net markups Net markdowns Net sales Retail price index, Dec.31, year 1 111,760 Retail $133,000 259,000 6,000 (11,000) 235,639 1.04 Calculate the estimated ending inventory and cost of goods sold for year 1. (Do not round intermediate calculations.)