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On January 1.2018, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for
On January 1.2018, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2018 and 2019 are as follows: 125,250 Beg inning inventory Net purchases Freightin Net markups Net markdowns Net saleg to customers Sales to employees (net Price Index: January 1, 2018 December 31, 201B December 31, 2019 Required: 4019' Retail , ds, Cost $ 51,800 $ 74,000 101,150 125,000 $107,532 $131,700 3,700 4,200 of di scount) 18,500 3,700 3,000 11,400 3,900 118,800 6,720 1.00 1.06 1.10 Estimate the 2018 and 2019 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 calculations to 2 decimal places and final answers to the nearest whole dollar.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 1
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