6. The following information is taken from the books of Cousin's Curios for the first quarter of its fiscal year ending on March 31, 2021: Inventory, start of period (January 1, 2021) Net purchases during the period Net sales for the period Cost $ 37,000 174,000 Retail $ 66,000 330,000 310,500 Required: 1. Estimate the ending inventory as of March 31, 2021, using the retail inventory method. 2. Estimate the cost of goods sold for the time period, January 1, through March 31, using the retail inventory method. 1