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Exercise 9-19 (Algo) Dollar-value LIFO retail [LO9-5] On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are
Exercise 9-19 (Algo) Dollar-value LIFO retail [LO9-5] On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: Beginning inventory Net purchases Net markups Cost $ 82,600 Retail $ 140,000 119,500 247,000 4,000 Net markdowns Net sales Retail price index, 12/31/2024 Required: 12,000 217,000 1.08 Calculate the estimated ending Inventory and cost of goods sold for 2024 using the Information provided. Note: Do not round intermediate calculations. Ending inventory at retail Ending inventory at cost Cost of goods sold
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