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(Solved): On January 1, 2024, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The foll ...
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.
Expert Answer
Sol ;- Cost Retail Beginning inventory $80,620 $139,000 Add: Net purchases $125,000 $254,000 Add: Net mar