Please explain!!!

Required information [The following information applies to the questions displayed below.] 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: 2022 Cost Retail Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $140,000 $200,000 440,000 594,000 3,500 4,350 6,600 5,450 4,300 480,000 19,200 2,900 $680,000 $854,000 3,200 4,550 5,000 9,800 7,000 702,000 19,200 4,000 1.00 1.25 1.25 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2021 2022 $ 283,900 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold