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On January 1, 2021, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2021: Cost Retail Beginning inventory

On January 1, 2021, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2021:

Cost Retail
Beginning inventory $ 78,880 $ 136,000
Net purchases 119,040 256,000
Net markups 6,000
Net markdowns 14,000
Net sales 230,000
Retail price index, 12/31/2021 1.10

Required: Calculate the estimated ending inventory and cost of goods sold for 2021 using the information provided. (Do not round intermediate calculations.)

Ending inventory at retail 154000
ending inventory at cost ?
cost of good sold ?

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