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:

Prev.

$2.{?}_3$

$4$

of $4$

Next

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

Required:

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

$\backslash$table$[[,,2024,2025],[$Estimated ending inventory at retail,$$,277,000,$$$,527,250],[$Estimated ending inventory at cost$,$$$,276,050,$$$,520,570],[$Estimated cost of goods sold,$$,341,250,$$$,361,080]]$

Prev

${23}^{o+}$

$4$

of $4$

Next