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 Cost Retail $ 665,000 3,700 5,000 $1, 113,000 5, 800 2021 Cost Retail $168, 750 $225.000 503, 000 633, 000 4.000 3. 650 5, 800 6.100 4, 450 453,000 20, 300 6.000 Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers to employees (net of 30% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 10, 800 7,500 712, 000 20, 300 6, 400 Sales 1.00 1.25 1.25 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-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Answer is complete but not entirely correct. Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Conventional Retail Method $ 372,450 X $ 291,554 X $ 381,996 X