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 addpted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 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, 2021 December 31, 2021 December 31, 2022 2021 2022 Cost Retail Cost Retail $156,000 $240,000 510,000 752,000 $725,000 $1,123,000 6,200 3,650 4,000 6,600 6,200 7,000 6,250 11,400 4,600 7,800 500,000 718,000 21,000 21,000 6,200 3,000 1.00 1.25 1.50 Problem 9-13 (Algo) Part 1 Required: 9 < Prev 2 3 4 of 4 Next >