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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: Cost Retail Beginning inventory

On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2024: Cost Retail Beginning inventory $ 80,620 $ 139,000 Net purchases 125,000 254,000 Net markups 9,000 Net markdowns 13,000 Net sales 221,000 Retail price index, 12/31/2024 1.05 Required: Calculate:

1. The estimated ending inventory at retail

2. The estimated ending inventory at cost

3. Cost of goods sold for 2024

Note: Do not round intermediate calculations.

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