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 Net markups Net markdowns Net sales Retail price index, 12/31/2024 Cost $ 80,640 131,500 Ending inventory at retail Ending inventory at cost Cost of goods sold Retail $ 144,000 267,000 8,000 12,000 227,000 1.20 Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations.

On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LiFO retail method. The following data are available for 2024: Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations