On January 1, 2013, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2013 and 2014 are as follows: 2013 2014 Cost Retail Cost Retail Beginning inventory $ 168,750 $ 225,000 Purchases 503,000 633,000 665,000 1,113,000 Purchase returns 4,000 3,650 3,700 5,800 Freight-in 5,800 5,000 Net markups 6,100 10,800 Net markdowns 4,450 7,500 Net sales to customers 453,000 712,000 Sales to employees (net of 30% discount) 20,300 20,300 Normal spoilage 6,000 6,400 Price Index: January 1, 2013 1.00 December 31, 2013 1.25 December 31, 2014 1.25 Required: 1. Estimate the 2013 and 2014 ending inventory and cost of goods sold using the dollar-value LIFO retail method. (Round intermediate calculations to 2 decimals.)

Estimate the 2013 and 2014 ending inventory and cost of goods sold using the dollar-value LIFO retail method. (Round intermediate calculations to 2 decimals.)

Estimated Ending inventory at retail

Estimated ending inventory at Cost

Estimated cost of goods sold

2. Estimate the 2013 ending inventory and cost of goods sold using the average cost method.

Estimated Ending inventory at retail

estimated ending inventory at cost

Estimated cost of goods sold

3.Estimate the 2013 ending inventory and cost of goods sold using the conventional retail method (average, LCM)

Estimated Ending inventory at retail

estimated ending inventory at cost

estimated cost of goods sold