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: 2024 2025Cost Retail Cost Retail Beginning inventory $ 121,600 $ 190,000Purchases 520,000 708,000 $ 630,000 $ 1,056,000Purchase returns 2,500 5,000 3,000 3,600Freight-in 4,200 6,000Net markups 6,300 9,400Net markdowns 4,300 6,800Net sales to customers 570,000 698,000Sales to employees (net of 25% discount) 16,500 16,500Normal spoilage 1,500 5,700Price Index: January 1, 2024 1.00 December 31, 2024 1.20 December 31, 2025 1.60 Required: 1. Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail method.Note: Round your cost-to-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be 12.34%) and final answers to thenearest whole dollar. Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 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: 2024 2025Cost Retail Cost Retail Beginning inventory $ 121,600 $ 190,000Purchases 520,000 708,000 $ 630,000 $ 1,056,000Purchase returns 2,500 5,000 3,000 3,600Freight-in 4,200 6,000Net markups 6,300 9,400Net markdowns 4,300 6,800Net sales to customers 570,000 698,000Sales to employees (net of 25% discountI 16,500 16,500Normal spoilage 1,500 5,700Price Index: January 1, 2024 1.00 December 31, 2024 1.20 December 31, 2025 1.60 Required: 2. Estimate the 2024 ending inventory and cost of goods sold using the average cost retail method.Note: Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar. Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 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: 2024 2025Cost Retail Cost Retail Beginning inventory $ 121,600 $ 190,000Purchases 520,000 708,000 $ 630,000 $ 1,056,000Purchase returns 2,500 5,000 3,000 3,600Freight-in 4,200 6,000Net markups 6,300 9,400Net markdowns 4,300 6,800Net sales to customers 570,000 698,000Sales to employees (net of 25% discount) 16,500 16,500Normal spoilage 1,500 5,700Price Index: January 1, 2024 1.00 December 31, 2024 1.20 December 31, 2025 1.60 Required: 3. Estimate the 2024 ending inventory and cost of goods sold using the conventional retail method.Note: Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar. Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold