On January 1, 2021, Pet Friendly Stores adopted the retail inventory method Inventory transactions at both cost and retall. and cost Indexes for 2021 and 2022 are as follows: 2022 Retail Cost Beginning inventory Purchases Purchase returns Freight-in Net sarkups Net sarkdowns Net sales to customers Sales to employees (net of 25% discount) Narsal spoilage Price Index January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $143,500 5205,00 60,000 772,000 4,000 4,150 4,600 6,45e 4,300 550,000 30,000 3,600 5680,000 $856,000 3,300 6,775 5, ce 10, Bee 7.100 70,000 30,000 6,000 1.00 1.25 Problem 9-13 (Algo) Part 1 Required: 1. Estimate the 2021 and 2022 ending Inventory and cost of goods sold using the dollar-value LIFO retall method 2021 2022 Estimated ending inventory at al Estimated ending inventory cost Estimated cost of goods sold