On January 1, 2021, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at bo

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answerhappygod
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On January 1, 2021, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at bo

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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:
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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