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2 5 Problem 9-11 (Algo) Dollar-value LIFO retail [LO9-5] points Skipped On January 1, 2021, HGC Camera Store adopted the dollar-value LIFO retail inventory

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2 5 Problem 9-11 (Algo) Dollar-value LIFO retail [LO9-5] points Skipped On January 1, 2021, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: ebook Beginning inventory Net purchases Freight-in Net markups Net markdowns Print References tiet sales to customers Sales to employees (net of 10% discount) Price Indext January 1, 2021 December 31, 2021 December 31, 2022 2021 2022 Cost Retail $44,200 $ 68,000 Cost Retail 3,400 91,520 122,000 $108,360 $142,800 3,900 17,000 3,400 10,000 3,600 122,160 2,700 130,440 7,020 1.00 1.06 1.10 Required: Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method. (Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to 2 decimal places and final answers to the nearest whole dollar.) Estimated unding inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 2021 2022

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