Help Save & Exit Submit 1 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: 2019 Cost Retat Skipped 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, 2018 December 31, 2018 December 31, 2019 2018 Coat Retail $ 90,000 $150,000 478,000 730,000 2,500 3,500 6,960 8,500 4,000 650,000 14,000 5,000 $511,000 $760,000 2,200 4,000 8,000 10,000 6,000 680,000 17,500 6,600 1.00 1.03 1.06 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. In Class Assignment 4 Saved Help Save & EX Complete this question by entering your answers in the tabs below. 1 Reqi Req 2 and 3 Estimate the 2018 and 2019 ending inventory and cost of goods sold using the dollar-value LIFO retail method. Skipped 2018 2019 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold In Class Assignment 4 Seved Help Save & Exit Complete this question by entering your answers in the tabs below. 1 1 Reg 1 Reg 2 and 3 Skipped Estimate the 2018 ending inventory and cost of goods sold using the average cost retail method and conventional retail method. (Round your cost-to-retail percentage calculation to 2 decimal places and final answers to the nearest whole dollar.) Average Cost Retail Method Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold