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: 2922 Cost Retail Cast Netail 5141,500 5205,000 600,000 772,000 4,900 4,150 4,600 6,450 4,300 Beginning inventory Purchases Purchase returns Freight-in Net sarkups Net narkdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 $680,000 $856,00 3,300 5,775 5,000 10.000 7,10 704,000 39,000 6,800 550,000 30,000 3,600 1.00 1.25 1.25 Problem 9-13 (Algo) Part 2 Required: 2. Estimate the 2021 ending Inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retell percentage to 2 decimal places and round your final answers to nearest whole dollar.) Average Cost Retail Method Estimated ending Inventory at retail Estimated ending inventory at cost Estimated cost of goods sold