Required information Required:

Estimate the $2024$ ending inventory and cost of goods sold using the average cost retail method.

Note: Round your cost$-$to$-$retail percentage to $2$ decimal places and round your final answers to nearest whole dollar. Required:

Estimate the $2024$ ending inventory and cost of goods sold using the conventional retail method.

Note: Round your cost$-$to$-$retail percentage to $2$ decimal places and round your final answers to nearest whole dollar.

$[$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:

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.