Woonoppones De questions spayew DEOW. 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: 2021 Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 20% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 Cost Retail $185,400 $170,000 430,000 622,800 2,900 4,000 6,200 5,150 4,150 500,000 14,400 1,900 2022 Cost Retail $630,000 $792,000 2,600 2,450 6,000 8,600 6,400 699,000 14,400 5,300 1.00 1.84 1.28 Problem 9-13 (Algo) Part 1 Required: 1. Estimate the 2021 and 2022 ending Inventory and cost of goods sold using the dollar-value LIFO retall method. 2021 Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold