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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet 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: 2021 2022 Cost Retail Cost Retail Beginning inventory $ 56,000 $ 80,000 Net purchases 104,000 128,000 $109,695 $134,200 Freight-in 4,000 4,500 Net markups 20,000 12,000 Net narkdowns 4,000 Net sales to customers 4,200 129,465 Sales to employees (net of 201 discount) 121,260 2,700 4,400 Price Index: January 1, 2021 December 31, 2021 1.00 December 31, 2022 1.06 1.12 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.) Answer is complete but not entirely correct. 2021 2022 Estimated ending inventory atra $ 91.100 5 100.400 Estimated ending invertory MCOM 5 60,770 72,047 Estimated cost of goods sold 5 103.230 110.737

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