Vikram Bhai 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, 12/31/2024CostRetail$ 80,460117,450$ 149,000269,0007,00015,000254,0001.04Required:Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided.Note: Do not round intermediate calculations.Ending inventory at retailEnding inventory at costCost of goods sold

Name: Vikram Bhai On January 1, 2024, the Brunswick Hat Company adopted the
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Vikram Bhai 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, 12/31/2024CostRetail$

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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: Beginning inventory Net purchases Cost $ 80,460 117,450 Retail $ 149,000 269,000 Net markups Net markdowns Net sales Retail price index, 12/31/2024 Required: 7,000 15,000 254,000 1.04 Calculate the estimated ending inventory and cost of goods sold for 2024 using the information provided. Note: Do not round intermediate calculations. Ending inventory at retail Ending inventory at cost Cost of goods sold