Question
recuma bem On January 1, 2021 Pet Friendly Stores adopted the trutory method Inventory transactions at both cost and retail and cost inden for 2021
search o ti LP - D F F10 FII PS % 5 & 7 6 recuma bem On January 1, 2021 Pet Friendly Stores adopted the trutory method Inventory transactions at both cost and retail and cost inden for 2021 and 2022 are as follows Beginnire inventory purchases Purchase return Freitin Met aroups $120,0 $195.000 493,000 692,000 3.400 5,000 -5.400 5,800 5635,000 $1,000,000 3,100 4,200 5.00 9.60 6, 700,000 16,100 4.000 540,000 16,100 3.500 Het sales to customers Sales to employees het ook discount) Normal pollage Price Index Sawary 1, 2021 December 31, 2011 December 31, 2922 1.00 1.25 1.25 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the doline value LIFO retail method 2021 2022 Estimated ending inventat real Estimated ending inventory at cost Escort of goods sold
search o ti LP - D F F10 FII PS % 5 & 7 6
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