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:

	2021							2022
	Cost			Retail				Cost			Retail
Beginning inventory	$	147,000		$	210,000
Purchases		498,000			678,000			$	650,000		$	904,000
Purchase returns		4,500			4,500				3,400			2,000
Freight-in		6,000							5,000
Net markups					5,950							10,200
Net markdowns					4,450							7,200
Net sales to customers					458,000							706,000
Sales to employees (net of 30% discount)					17,500							17,500
Normal spoilage					5,800							6,100
Price Index:
January 1, 2021		1.00
December 31, 2021		1.12
December 31, 2022		1.25

1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method.

3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method.