On January 1, 2013, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2013 and 2014 are as follows:

Required:
1. Estimate the 2013 and 2014 ending inventory and cost of goods sold using the dollar-value LIFO retail method.
2. Estimate the 2013 ending inventory and cost of goods sold using the average cost method.
3. Estimate the 2013 ending inventory and cost of goods sold using the conventional retail method (average,LCM).

2013 2014 Cost Retail Cost Retail S 90,000 $150,000 Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 30% discount) Normal spoilage Price Index: 478,000 730,000 511,000 760,000 3,500 2,200 4,000 2,500 6,960 8,000 8,500 4,000 650,000 14,000 5,000 10,000 6,000 680,000 17,500 6,600 January 1, 2013 December 31, 2013 December 31, 2014 1.00 1.03 1.06