Do not provide answer in image format Exercise 9-19 (Algo) Dollar-value LIFO retail [LO9-5]On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for2024:Beginning inventoryNet purchasesNet markupsNet markdownsNet salesRetail price index, 12/31/2924Cost$ 72,420107,100Required:Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided.Note: Do not round intermediate calculations.Answer is complete but not entirely correct.sEnding inventory at retailEnding inventory at costCost of goods sold$SRetail$ 142,000264,0006,00015,000229,0001.0525,00025,000 Ⓒ25,000

Inventory is the accounting of things, components, and raw materials that a corporation consumes or…

Exercise 9-19 (Algo) Dollar-value LIFO retail [LO9-5] 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 Answer is complete but not entirely correct. retail 25,000 25,000 25,000 Ending inventory at Ending inventory at cost Cost of goods sold Required: Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations. $ Cost $ 72,420 107,100 WWW $ Retail $ 142,000 264,000 6,000 15,000 229,000 1.05