On January 1 2011 the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2011.

FO 1, 2011, the Brunswick Hat Company adopted the dollar data are available for 2011: Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, 12/31/11 Cost $ 71,280 112,500 Required: Calculate the estimated ending inventory and cost of goods sold for 2011. method. The follow Retail $132,000 255,000 6,000 11,000 232,000 1.04