! 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, 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: Beginning inventory Purchases Purchase returns Freight-in Net markups Net markdowns Net sales to customers Sales to employees (net of 30% discount) Normal spoilage Price Index: January 1, 2024 December 31, 2024 December 31, 2025 2024 Cost Retail 2025 Cost Retail $ 147,000 $ 210,000 498,000 678,000 4,500 6,000 4,500 $ 650,000 3,400 5,000 $ 904,000 2,000 5,950 10,200 4,450 458,000 17,500 5,800 7,200 706,000 17,500 6,100 1.00 1.12 1.25 Problem 9-13 (Algo) Part 1 Required: 1. 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., 0.1234 should be 12.34%) and final answers to the nearest whole dollar. 2024 2025 Estimated ending inventory at retail Estimated ending inventory at cost $ 396,200 $ 564,100 Estimated cost of goods sold