Required:

1. Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail method.(Calculate the estimated ending inventory at retail, estimated ending inventory at cost, and estimated cost of goods sold)

2. Estimate the 2024 ending inventory and cost of goods sold using the average cost retail method. (Calculate the estimated ending inventory at retail, estimated ending inventory at cost, and estimated cost of goods sold)

3. Estimate the 2024 ending inventory and cost of goods sold using the conventional retail method. (Calculate the estimated ending inventory at retail, estimated ending inventory at cost, and estimated cost of goods sold)

Problem 9-13 (Algo) Retail inventory method; various applications [LO9-3, 9-4, 9-5] [The following information applies to the questions displayed below.] 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