Question: Help please, i need answers for all please!! type the answers clearly. Thank you!! of 3 Required information Problem 9-13 (Algo) Retail inventory method; various


of 3 Required information 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, 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: ped 2022 Cost Retail . 2021 Cost Retail $108,500 $175,000 520,000 805,000 3,200 5.000 4,500 6,150 4.150 670,000 22,500 2,000 Teginning inventory Purchases Purchase roturns 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 OK $635,000 $800,000 2,700 4,425 6.000 8,800 6,500 692.000 22,500 5.400 ht 1.00 1.10 1.23 -nces 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 retail method. 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 retail method. 2021 2022 Estimated ending Inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Exercise 9-21 (Algo) Dollar-value LIFO retail (LO9-5) Lance-Hefner Specialty Shoppes decided to use the dollar-value LIFO retail method to value its inventory, Accounting records provide the following information: Merchandise inventory, January 1, 2021 Net purchases Net markup Net markdowns Net sales Cost Retail $245,000 $350,000 458,800 615,000 18,000 13,000 460,000 Ook Related retail price indexes are as follows: Tint January 1, 2021 December 31, 2021 1.00 1.20 rences Required: Determine ending inventory and cost of goods sold using the information provided. Ending inventory at retail Ending inventory at cost Cost of goods sold
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