the following Information: Merchandise inventory, January 1, 2024 Net purchases Net markups Net markdowns Net sales elated retail price indexes are as follows: January 1, 2024 December 31, 2024 to use the d 1.00 1.20 nding inventory at retail ding inventory at cost est of goods sold equired: etermine ending Inventory and cost of goods sold us

On January 1, 2024, HGC Camera Store adopted the dollar-value LIFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows: Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20 % discount) Price Index: January 1, 2024 December 31, 2024 December 31, 2025 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 2024 2024 Cost $ 56,000 104,000 4,000 Retail $ 80,000 128,000 2025 20,000 4,000 129,465 2,700 Cost 2025 $ 109,695 4,500 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 final answers to the nearest whole dollar. Retail $ 134,200 12,000 4,200 121,260 4,400 1.00 1.06 1.12

Manji

Meman

I computed 72,540 but is checked wrong why?

Please do not give solution in image format thanku

don't provide answer in image format

Please Solve all required and Do not Give image format

Hansaben

answer in text form please (without image)