Crosby company owns

Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the three months ending March 31, 2021 Cost $160,000 607,760 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $280,000 840,000 20.000 4,000 300,000 Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated to goodwill. At the end of the current fiscal year, an impairment test revealed the following: fair value of SCC, $40 million book value of SCC's net assets (including goodwill). $42 million. What amount of impairment loss should WebHelper recognize? (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Impairment loss million