Required: 2. Estimate ending inventory for 2022 assuming Raleigh Department Store used the LIFO retail method. Note: Amounts to be deducted should be indicated with a minus sign. Round your cost-to-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar. Beginning inventory Goods available for sale (excluding beginning inventory) Goods available for sale (including beginning inventory) Cost-to-retail percentage Less: Net sales Sales Sales returns Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost Cost Retail Cost-to-Retail Ratio Required: 3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2023. Estimate ending inventory for 2023 and 2024. Note: Round your cost-to-retail percentage calculation to 2 decimal places (ie., 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar. Total ending inventory at dollar-value LIFO retail cost, 2023 Total ending inventory at dollar-value LIFO retail cost, 2024 Required information [The following information applies to the questions displayed below.) Raleigh Department Store uses the conventional retail method for the year ended December 31, 2022. Available information follows: a. The inventory at January 1, 2022, had a retail value of $53,000 and a cost of $36,930 based on the conventional retail method. b. Transactions during 2022 were as follows: Gross purchases Cost Retail $327,870 $570,000 Purchase returns 6,700 18,000 Purchase discounts 5,800 Sales 568,000 Sales returns 7,500 Employee discounts 2,000 Freight-in 30,500 Net markups Net markdowns 33,000 18,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory was $61,880, the cost-to-retail percentage for 2023 under the LIFO retail method was 70%, and the appropriate price index was 104% of the January 1, 2023, price level. d. The retail value of the December 31, 2024, inventory was $53,500, the cost-to-retail percentage for 2024 under the LIFO retail method was 69%, and the appropriate price index was 107% of the January 1, 2023, price level. Required: 1. Estimate ending inventory for 2022 using the conventional retail method. Note: Amounts to be deducted should be indicated with a minus sign. Round your cost-to-retail percentage calculation to 2 234 should be entered as 12.34) and final answers to the nearest whole dollar. Beginning inventory Goods available for sale Cost-to-retail percentage Less: Net sales Sales Sales returns Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost Cost Cost-to-Retail Retail Ratio