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 $ 80,460 $149,000 117,450 269,000 7,000 15,000 254,000 1.04 Required: Calculate the estimated ending inventory and cost of goods sold for 2018. Ending inventory at retail $ 156,000 Ending inventory at cost Cost of goods sold