On January 1, 2016, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2016:

	Cost			Retail
Beginning inventory	$	73,500		$	147,000
Net purchases		106,400			271,000
Net markups					5,000
Net markdowns					10,000
Net sales					245,000
Retail price index, 12/31/16					1.05

Required:

Calculate the estimated ending inventory and cost of goods sold for 2016.

A. Ending inventory at retail

B. Ending Inventory at Cost

C. Cost of Goods Sold