[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: 2024 2025 Cost Retail Cost Retail Beginning inventory $ 128, 060 $ 200, 080 Purchases 435,000 585,000 $ 670,090 $ 843, 000 Purchase returns 3,206 3,750 2,900 4, 125 Freight- in 5,090 6,080 Net markups 5,300 9, 200 Net markdowns 4, 150 5, 700 Net sales to customers 400, 080 696, 008 Sales to employees (net of 20% discount) 16, 800 16,800 Normal spoilage 2, 700 5, 600 Price Index: January 1, 2024 1.06 December 31, 2024 1. 25 December 31, 2025 1. 25 er 31, 2024 December 31, 2025 1.25 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-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be 12.34%) and final answers to the nearest whole dollar. * Answer is complete but not entirely correct. 2024 2025 Estimated ending inventory at retail 358,700 $ 477.475 Estimated ending inventory at cost S 209,525 $ 232,388 Estimated cost of goods sold $ 355,275 $ 650,237 Required: 2. Estimate the 2024 ending inventory and cost of goods sold using the average cost retail method. Note: Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar. x Answer is complete but not entirely correct. Average Cost Retail Method Estimated ending inventory at retail 358,700 Estimated ending inventory at cost 570,946 X Estimated cost of goods sold 311,679 X