GIVEN: Requirement 2: ALQUIST COMPANY LIFO Retail Method Beginning inventory Plus: Purchases Freight-in Plus: Net markups Less: Net markdowns Goods available for sale (excluding beg. inv.) Goods available for sale (including beg. inv.) Cost to retail percentage: Less: Normal shrinkage Sales: Sales to customers Sales to employees Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost: Beginning inventory Current period's layer Total Estimated cost of goods sold