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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 $ 75,040 $ 134,000 Net purchases 105,750 228,000 Net markups 9,000 Net markdowns 12,000 Net sales 212,000 Retail price index, 12/31/2024 1.05 Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
