please answer do not image format On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost andretail, and cost indexes for 2024 and 2025 are as follows:Beginning inventoryNet purchasesFreight-inNet markupsNet markdownsNet sales to customersSales to employees (net of 20% discount)Price Index:January 1, 2024December 31, 2024.December 31, 2025Estimated ending inventory at retailEstimated ending inventory at costEstimated cost of goods sold20242024Cost$ 31, 20082,7202,400Retail$ 48,000112,000202512,0002,400109,8152,900Cost2025$ 90,2752,900Retail$ 118,800Required:Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method.Note: Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to 2 decimal places and finalanswers to the nearest whole dollar.8,8002,600104,9604,6401.001.041.10

Name: please answer do not image format On January 1, 2024, HGC Camera Store
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: please answer do not image format On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost andretail, and cost indexes for 2024 and 2025 are as follows:Beginning inventoryNet purc