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On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2018: Beginning inventory Net purchases Net markups Net markdowns Net sales Retail price index, 12/31/18 Cost Retail $ 76,720 $ 137,000 113,850 256,898 7,000 10,000 229,999 1.12 Required: Calculate the estimated ending Inventory and cost of goods sold for 2018. Ending inventory at retail Ending inventory at cost IS 161.000 $ 79,522 X $ 110,448 Cost of goods sold