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On January 1, 2018, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for

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On January 1, 2018, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2018 and 2019 are as follows: 2018 2019 Retail Cost $30,800 44,e00 86,900 2,200 Cost Retail Beginning inventory Net purchases Freight-in Net markups Net markdowns 110,000 $94,184 $116,000 2,700 11,000 2,200 103,100 2,700 8,400 2,400 105,100 4,860 Net sales to customers Sales to employees (net of 10% discount) Price Index: January 1, 2018 December 31, 2018 1.00 1.05 December 31, 2019 1.10 Required: Estimate the 2018 and 2019 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method. (Do not round other intermediate calculetions. Round your cost-to-retail percentage calculations to 2 decimal places and final answers the nearest whole dollar.) to 2018 2019 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 55,700 $ 67,200 37,450 89 050 44,476 89,858

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