On January 1, 2016, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2016 and 2017 are as follows:

2. Award: 0 out of 1,00 point Award: O out of 1.00 point On January 1, 2016, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2016 and 2017 are as follows 2016 2017 Retail Cost Retail Cost $39,000 $ 52,000 Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20% discount) Price Index 96,920114,000 $102,775 $118,600 2,600 3,100 13,000 2,600 111,010 2,200 9,200 2,800 108,840 4,960 January 1, 2016 December 31, 2016 December 31, 2017 1.00 1.08 1.10 Required: Estimate the 2016 and 2017 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method. (Round your cost-to-retail percentage calculations to 2 decimal places.) 2016 2017 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 60,440X S$ 43,906X $ 94,614X $ 48,906X 34,434X 131,881