Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 25% discount) Normal spoilage Price Index: January 1, 2021 December 31, 2021 December 31, 2022 2021 2022 Cost Retail $165,000 $220,000 Cost Retail 690,000 888,000 $680,000 $1,069,000 4,500 5,150 2,000 4,075 4,800 5,600 6,600 10,600 4,450 7,400 640,000 21,000 3,800 710,000 21,000 2,000 1.00 1.25 1.25 Required: 1. Estimate the 2021 and 2022 ending inventory and cost of goods sold using the dollar-value LIFO retail method. Estimated ending inventory at retail $ 2021 2022 433,200 Estimated ending inventory at cost Estimated cost of goods sold Required: $ 473,600 2. Estimate the 2021 ending inventory and cost of goods sold using the average cost retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Average Cost Retail Method Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Conventional Retail Method