Business, 18.07.2020 22:01 bradhunt6056
On January 1, 2021, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2021: Cost Retail Beginning inventory $ 74,360 $ 143,000 Net purchases 117,900 272,000 Net markups 7,000 Net markdowns 17,000 Net sales 249,000 Retail price index, 12/31/2021 1.04 Required: Calculate the estimated ending inventory and cost of goods sold for 2021 using the information provided. (Do not round intermediate calculations.)
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On January 1, 2021, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The follo...
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