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On January 1, 2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and

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On January 1, 2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows: Required: 3. Estimate the 2024 ending inventory and cost of goods sold using the conventional ratail method. Note: Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar

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