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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
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 Cost $ 81,000 Retail $ 150,000 121,500 278,000 Net markups Net markdowns Net sales Retail price index, 12/31/2024 Required: 8,000 16,000 228,000 1.20 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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