On January 1, 2018, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2018 and 2019 are as follows:

Required:
1. Estimate the 2018 and 2019 ending inventory and cost of goods sold using the dollar-value LIFO retail method.
2. Estimate the 2018 ending inventory and cost of goods sold using the average cost retail method.
3. Estimate the 2018 ending inventory and cost of goods sold using the conventional retail method.

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2018 2019 Cost Retail Cost Retal Beginning inventory $90.000 478,000 2,500 6,960 $150,000 730,000 3.500 $511,000 2,200 8,000 $760,000 4,000 Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 30% discount) Normal spoilage Price Index: 8,500 4,000 650,000 14,000 5,000 10,000 6,000 680,000 17.500 6,600 January 1, 2018 December 31, 2018 December 31, 2019 1.00 1.03 1.06