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I did not mean to put negative 82816. but positive 82816 us not correct either Return to question 5 On January 1, 2021, the Brunswick
I did not mean to put negative 82816. but positive 82816 us not correct either
Return to question 5 On January 1, 2021, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2021: Cost 5 points Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, 12/31/2821 Retail $78,888 $ 136,eee 119,040 256, eee 6,eee 14,000 230,eee 1.10 Required: Calculate the estimated ending Inventory and cost of goods sold for 2021 using the Information provided. (Do not round Intermediate calculations.) Answer is complete but not entirely correct. Ending inventory at retail Ending inventory at cost Cost of goods sold $ 151,000 $ $ (82,816) $ 115,024Step by Step Solution
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