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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: Beginning inventory Net
On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: Beginning inventory Net purchases Cost $ 78,880 119,040 Retail $ 136,000 256,000 Net markups Net markdowns Net sales Retail price index, 12/31/2024 Required: 6,000 14,000 230,000 1.10 Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations. Answer is not complete. Ending inventory at retail Ending inventory at cost Cost of goods sold $ 154,000
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