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On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retall inventory method. Inventory transactions at both cost and retail, and cost indexes for
On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retall 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 percentage calculation to 2 decimal places and final answers to the nearest whole dollar
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