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: 2022 C ost Retail $630,000 $792,000 2,600 2,450 Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $185,400 $170,000 430,000 622,000 2,900 4,000 6,200 5,150 4,158 500,000 14,400 1,900 8,600 6,480 690,000 14,400 5,300 1.ee 1.04 1.20 Problem 9-13 (Algo) Part 3 Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retall method. (Round your cost-to-retall percentage to 2 decimal places and round your final answers to nearest whole dollar.) Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold