1 of 3 2022 Check my work On January 1, 2021, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: 2021 Beginning inventory Coat Retail cost Retail Purchases $ 90,000 $150,000 Purchase returns 478,000 730,000 $511,000 $760,000 Freight-in 2,500 3,500 2,200 4.000 Net markups 6,960 8,000 8,500 10,000 Net markdowns 4,000 6,000 Net sales to customers 650,000 Sales to employees (set of 308 discount) 680,000 14,000 17,500 Normal spoilage 5,000 6,600 Price Index: January 1, 2021 1.00 December 31, 2021 1.03 December 31, 2022 1.06 Book Print erences Problem 9-13 (Static) Part 1 rences Required: 1. Estimate the 2021 and 2022 ending Inventory and cost of goods sold using the dollar-value LIFO retail method. 2021 2022 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Required: 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retal percentage to 2 decimal places and round your final answers to nearest whole dollar.) Average Cost Rotall Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Print ferences Required: 3. Estimate the 2021 ending Inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold