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on January 1, 2024 HGC camera store adopted the dollar value LIFO retail inventory method. inventory transactions at both cost, and retail and cost indexes
on January 1, 2024 HGC camera store adopted the dollar value LIFO retail inventory method. inventory transactions at both cost, and retail and cost indexes for 2024 and 2025 RS follows: (image below)
On January 1,2024, HGC Camera Store adopted the doliar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows: Required: Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value Lifo retail inventory method Note: Do not round other intermediate calculations. Round your cost-to-retail percentege calculation to 2 decimal ploces and final answers to the nearest whole dollor Estimate The 2024 and 2025 ending inventory and cost of goods sold using the dollar value LIFO retail inventory method.
(please show equatioms/formulas used)
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