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nup Save & Exit Submit 5 Check my work 10 points On January 1, 2021, HGC Camera Store adopted the dollar value LIFO retail inventory

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nup Save & Exit Submit 5 Check my work 10 points On January 1, 2021, HGC Camera Store adopted the dollar value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: 2021 2022 Cost Retail Cost Retail Beginning inventory $34,500 $ 46,000 Net purchases 93,860 111,000 $106,834 $123,900 Freight-in 2,300 2,800 Net markups 11,500 8,600 Net markdowns 2,300 2.500 Net sales to customers 106,000 110,420 Sales to employees (net of 20% discount) 2,800 4,480 Price Index January 1, 2021 1.00 December 31, 2021 1.08 December 31, 2022 3.14 elook Print References Required: Estimate the 2021 and 2022 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 calculation to 2 decimal places and final answers to the nearest whole dollar.) 2021 2022 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 58 Next >

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