On January 1, 2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both costnand retail, and cost indexes for 2024 and 2025 are as follows:

Required:
1. Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail  method.
2. Estimate the 2024 ending inventory and cost of goods sold using the average cost retail method.
3. Estimate the 2024 ending inventory and cost of goods sold using the conventional retail method.

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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: January 1, 2024 December 31, 2024 December 31, 2025 Cost $ 90,000 478,000 2,500 6,960 1.00 1.03 1.06 2024 Retail $150,000 730,000 3,500 8,500 4,000 650,000 14,000 5,000 Cost 2025 $511,000 2,200 8,000 Retail $760,000 4,000 10,000 6,000 680,000 17,500 6,600