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 Net purchases Net markups Net markdowns Net sales Retail price index, 12/31/18 81,000 $150,000 121,500 278,000 8,000 16,000 228,000 1.20 Required Calculate the estimated ending inventory and cost of goods sold for 2018. Ending inventory at retail Ending inventory at cost Cost of goods sold $ 192,000 86,280 S 105,270