2 Required information Problem 9-13 (Algo) Retail inventory method; various applications [LO9-3, 9-4, 9-5] [The following information applies to the questions displayed below.] Part 2 of 3 2.5 points On January 1, 2021, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows: eBook Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Print Normal spoilage Price Index: January 1, 2021 December 31, 2021 References December 31, 2022 2021 2022 Cost Retail Cost Retail $143,500 $205,000 4,000 600,000 772,000 4,150 $680,000 $856,000 4,600 3,300 5,000 6,775 6,450 10,000 4,300 7,100 550,000 704,000 30,000 30,000 3,600 6,000 1.00 1.25 1.25 Problem 9-13 (Algo) Part 2 Required: 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Average Cost Retail Method $ 381,400