Required information Problem 9-13(Algo) Retail inventory method; various applications [LO9-3,9-4,9-5] [The following...

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Accounting

Required information
Problem 9-13(Algo) Retail inventory method; various applications [LO9-3,9-4,9-5]
[The following information applies to the questions displayed below.]
On January 1,2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows:
\table[[,2024,2025],[,Cost,Retail,Cost,,Retail],[Beginning inventory,$165,000,$220,000,,,],[Purchases,690,000,888,000,$680,000,$,1,069,000
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