On January 1, 2011, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2011 and 2012 are as follows:

Required:

1. Estimate the 2011 and 2012 ending inventory and cost of goods sold using the dollar-value LIFO retail method.

2. Estimate the 2011 ending inventory and cost of goods sold using the average cost method.

3. Estimate the 2011 ending inventory and cost of goods sold using the conventional retail method (average, LCM).