Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method.

! Required Information The following information applies to the questions displayed below.) On January 1, 2021. Pet Friendly stores adopted the retail inventory method. Inventory transactions at bot and cost indexes for 2021 and 2022 are as follows: 2022 cost Retail Beginning inventory Purchases Purchase returns Freight in Net markups Net markdowns Net sales to customers Sales to employees net of 25% discount) Normal spoilage Price Index January 10 2021 December 2020 December 1 2022 20211 cost (Retail $143 580 $ 205 @09 600 000 272,000 200 4150 4,600 6 1450 4 800 550,000 30,000 3,600 $680,000 $856, eee 15,300 6775 5 000 10,000 I 7108 704 00 30 000 6,000 1100 1125 1 25 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retall metho 2021 2022 Estimated ending inventory at retail Esumated ending inventory CSR Estimated cost of godds sold