Please do not give solution in image format ? On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost andretail, and cost indexes for 2024 and 2025 are as follows:Beginning inventoryNet purchasesFreight-inNet markupsset markdownsSet sales to customersSales to employees (net of 10% discount)Price Index:January 1, 2024December 31, 2024December 31, 20252024Cost$ 57,000109,1603,800Retail$ 76,000126,00019,0003,800124,4604,5002025Cost$115,1504,300Retail$ 132,40011,6004,000120,4405,85e1.001.071.12Required:Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method.Note: Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to 2 decimal places and finalanswers to the nearest whole dollar. Required:Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail inventory method.Note: Do not round other intermediate calculations. Round your cost-to-retail percentage calculation to 2 decimal places and finalanswers to the nearest whole dollar.Estimated ending inventory at retalEstimated ending inventory at costEstimated cost of goods soldSSS202492.24097.41572,5452025

Name: Please do not give solution in image format ? On January 1, 2024, HGC
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give solution in image format ? On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost andretail, and cost indexes for 2024 and 2025 are as follows:Beginning inven