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1. On January 1, 2013, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2013 and 2014 are as follows:
Required:1. Estimate the 2013 and 2014 ending inventory and cost of goods sold using the dollar-value LIFO retail method.2. Estimate the 2013 ending inventory and cost of goods sold using the average cost method.3. Estimate the 2013 ending inventory and cost of goods sold using the conventional retail method (average,LCM).
What is the difference between the Present value of a $1 table and the present value of an annuity table? What is the difference between the Future value of a $1 table and the future value of an annuity table?
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