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Required information

Problem $9-13($Algo$)$ Retail inventory method; various applications $[$LO$9-3,9-4,9-5]$

$[$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:

$\backslash$table$[[,2024,2025],[,$Cost,Retail,Cost,Retail$],[$Beginning inventory,$$165,000,$$$,220,000,,],[$Purchases$,690,000,888,000,$$$680,000,$$$1,069,000$