please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 1On 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 inventory.Net purchasesFreight-inNet markupsNet narkdownsNet sales to customers,Sales to employees (net of 10% discount)Price Index:January 1, 2824December 31, 2024December 11, 20252024Cost$ 57,000109,1603,800Retail$ 76,000126,000202519,0003,800124,4604,5002025Cost$ 115,1504,300Retail$ 132,40011,6004,000120,4405,8501.001.071.12Required: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.

Name: please answer within the format by providing formula the detailed work
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 1On January 1, 2024, HGC Camera Store ado