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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

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 $ 78,300 $ 145,000
Net purchases 111,150 251,000
Net markups 9,000
Net markdowns 13,000
Net sales 230,000
Retail price index, 12/31/18 1.08


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

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