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:

roblem $9-13($Algo$)$ Part $1$

equired:

Estimate the $2024$ and $2025$ ending inventory and cost of goods sold using the dollar$-$value LIFO retail method.

lote: Round your cost$-$to$-$retail percentage calculation to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be $12\mathrm{.}34\%$ and final answers to the

earest whole dollar.

Answer is complete but not entirely correct.