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1 . Estimate the 2 0 2 4 and 2 0 2 5 ending inventory and cost of goods sold using the dollar - value

1 .

Estimate the

2024

and

2025

ending inventory and cost of goods sold using the dollar

-

value LIFO retail method.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:

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