Required Information 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, 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: Cost 2022 Retail Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $108,5e0 $175,000 520,000 895,00 3,280 5,880 4,580 6,150 4,150 670, eee 22,50 2,880 $635,eee $800,000 2,780 4,425 6,eee 8,888 6,500 692,989 22,50 5,400 1.ee 1.10 1.23 Problem 9-13 (Algo) Part 2 Required: 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retall percentage to 2 decimal places and round your final answers to nearest whole dollar.) Average Cost Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of ooods sold Cost Required Information 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, 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: 2021 2022 Retail Cost Retail Beginning inventory $108,589 $175,eee Purchases 52e,eee 895, eee $635,880 5892,880 Purchase returns 3,200 5,80 2,7ee 4,425 Freight-in 4,500 6,988 Net markups 6,150 8,888 Net markdowns 4,150 6,5ee Net sales to customers 670, eee 692,00 Sales to employees (net of 25% discount) 22,5ee 22,5ee Normal spoilage 2,989 5,480 Price Index: January 1, 2021 December 31, 2021 December 31, 2022 1.89 1.10 1.23 Problem 9-13 (Algo) Part 3 Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retall percentage to 2 decimal places and round your final answers to nearest whole dollar.) Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at oost Estimated cost of goods sold Required Information 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, 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 Retail Cost Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $108,5e0 $175,888 520,980 895,880 3,200 5,880 4,5ee 6,150 4,150 670,880 22,500 2,80 $635,000 $800,000 2,700 4,425 6,eee 8,888 6,500 692,000 22,5ee 5,480 1.00 1.10 1.23 Problem 9-13 (Algo) Part 1 Required: Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2021 2022 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Required Information 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, 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: Cost 2022 Retail Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $108,5e0 $175,000 520,000 895,00 3,280 5,880 4,580 6,150 4,150 670, eee 22,50 2,880 $635,eee $800,000 2,780 4,425 6,eee 8,888 6,500 692,989 22,50 5,400 1.ee 1.10 1.23 Problem 9-13 (Algo) Part 2 Required: 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retall percentage to 2 decimal places and round your final answers to nearest whole dollar.) Average Cost Retail Method Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of ooods sold Cost Required Information 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, 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: 2021 2022 Retail Cost Retail Beginning inventory $108,589 $175,eee Purchases 52e,eee 895, eee $635,880 5892,880 Purchase returns 3,200 5,80 2,7ee 4,425 Freight-in 4,500 6,988 Net markups 6,150 8,888 Net markdowns 4,150 6,5ee Net sales to customers 670, eee 692,00 Sales to employees (net of 25% discount) 22,5ee 22,5ee Normal spoilage 2,989 5,480 Price Index: January 1, 2021 December 31, 2021 December 31, 2022 1.89 1.10 1.23 Problem 9-13 (Algo) Part 3 Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retall percentage to 2 decimal places and round your final answers to nearest whole dollar.) Conventional Retail Method Estimated ending inventory at retail Estimated ending inventory at oost Estimated cost of goods sold Required Information 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, 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 Retail Cost Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $108,5e0 $175,888 520,980 895,880 3,200 5,880 4,5ee 6,150 4,150 670,880 22,500 2,80 $635,000 $800,000 2,700 4,425 6,eee 8,888 6,500 692,000 22,5ee 5,480 1.00 1.10 1.23 Problem 9-13 (Algo) Part 1 Required: Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. 2021 2022 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold