Business, 25.11.2019 22:31 friendsalwaysbae

On january 1, 2021, hgc camera store adopted the dollar-value lifo retail inventory method. inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: 2021 2022 cost retail cost retail beginning inventory $ 51,800 $ 74,000 net purchases 101,150 125,000 $ 107,532 $ 131,700 freight-in 3,700 4,200 net markups 18,500 11,400 net markdowns 3,700 3,900 net sales to customers 125,250 118,800 sales to employees (net of 20% discount) 3,000 6,720 price index: january 1, 2021 1.00 december 31, 2021 1.06 december 31, 2022 1.10 required: estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value lifo retail inventory method. (do not round other intermediate calculations. round your cost-to-retail percentage calculation to 2 decimal places and final answers to the nearest whole dollar.)

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On january 1, 2021, hgc camera store adopted the dollar-value lifo retail inventory method. inventor...

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