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 Retail Cost Beginning inventory Durchases Purehase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 250 discount) Normal spollage Price Index January 1, 2021 December 31, 2021 December 31, 2022 2021 Cost Retail $162,500 $ 250,000 800,000 1,084,000 7,000 12,150 12,500 6,900 4,750 950.000 22,500 4,200 $680,000 $1,063,000 2,000 2,000 11,800 8,000 722.000 22.500 6.900 1.00 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 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods s 2021 2022 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold