Question: Problem 9 - 1 3 ( Algo ) Retail inventory method; various applications [ LO 9 - 3 , 9 - 4 , 9 -
Problem Algo Retail inventory method; various applications LO
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On January Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and
retail, and cost indexes for and are as follows: Estimate the ending inventory and cost of goods sold using the conventional retail method.
Estimated ending inventory at retail? estimated ending inventory at cost Estimated cost of goods sold?
Note: Round your costtoretail percentage to decimal places and round your final answers to nearest whole dollar.
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