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On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: CostRetailBeginning inventory$ 84,600$ 141,000Net
On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024:
CostRetailBeginning inventory$ 84,600$ 141,000Net purchases129,500264,000Net markups 5,000Net markdowns 10,000Net sales 229,000Retail price index, 12/31/2024 1.20Required:
Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided.
Note: Do not round intermediate calculations.
Ending Inventory at Retail=
Ending Inventory at Cost=
Cost of Goods Sold=
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