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Requlred Informetlon 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,
Requlred Informetlon 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, 2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows: roblem 9-13 (Algo) Part 1 equlred: Estimate the 2024 and 2025 ending inventory and cost of goods sold using the dollar-value LIFO retail method. ote: Round your cost-to-retall percentage caleulatlon to 2 decimal ploces (l.e., 0.1234 should be 12.34\%) and flnal 1swers to the nearest whole doller
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