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Required Information [The following information applies to the questions displayed below, On January 1, 2024, Pet Friendly Stores adopted the retail Inventory method. Inventory transactions
Required Information [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 lndexes for 2024 and 2025 are as follows: Required: 1. Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail method. Note: Round your cost-to-retall percentage calculation to 2 decimal places (l.e., 0.1234 should be 12.34% ) and final answers to the nearest whole dollar
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