On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2018:

	Cost		Retail
Beginning inventory	$	80,640	$	144,000
Net purchases		131,500		267,000
Net markups				8,000
Net markdowns				12,000
Net sales				227,000
Retail price index, 12/31/18				1.20

Required: Calculate the estimated ending inventory and cost of goods sold for 2018.

Ending inventory at retail :$180,000

Ending inventory at cost:?

Cost of goods sold:?

A Chaster BHw i rewUonmect.mheducslion.comilkowicorneat.hml Chaater S HVw Sr.wd Help Save & Exit Submit On January1 2016, the Brunswick He: Comparv adopted the doller-velue LIFO reteil method, The following data are eveileble for 6 2016 t Butsi. ant. E B,640 8144,000 Hegineing inventory t. eh 13:,s00 267.DDD Not narkup0 8.000 15 t. 12, DDD 227,000 punta Het salce Rutsi. pien incex, 12/31/1 1.1: Required: Calculate the cstimated ending inventory and cost of paods sold for 2019. 5 180,000 Ending invencery at rotail Pri Ending invertery at cost Coet of goods sad Bala 6 of 10 E