Required information [The following information applies to the questions displayed below.] On January 1, 2024. Pet Friendly Stores adopted the retall inventory method. Inventory transactions at both cost and retail. and cost indexes for 2024 and 2025 are as follows: Required: 2. Estimate the 2024 ending inventory and cost of goods sold using the average cost retall method. Note: Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar. \begin{tabular}{|l|cr|} \hline & AverageCostRetailMethod \\ \hline Estimated ending inventory at retail & $ & 403,700 \\ \hline Estimated ending inventory at cost & $ & 271,690 \\ \hline Estimated cost of goods sold & $ & 374,810 \\ \hline \end{tabular}