Business
Business, 16.04.2020 20:10, sha712

On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2018: Cost Retail Beginning inventory $ 81,760 $ 146,000 Net purchases 123,360 265,000 Net markups 4,000 Net markdowns 12,000 Net sales 238,000 Retail price index, 12/31/18 1.10 Required: Calculate the estimated ending inventory and cost of goods sold for 2018.

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On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The follo...

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