accounting homework

Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following dots are available for the quarter ending September 30, 2021: Cost Retail Beginning inventory $480,080 $ 535,080 Net purchases 1,310,080 Freight - in Net markups 58, 080 Net markdowns 28 , 080 Not sales 1,250, 080 Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (Le., 0.1234 should be entered as 12.34%.]) Answer is complete but not entirely correct. Coat-to- Coat Retall Retall Ratio Beginning inventory S 400,000S 535,000 Plus: Net purchases 905,000 1,310,000 Freight in 45,000 Net markups 58,000 Less: Net markdowns (28,000) Goods available for sale (excluding beg. Inventory) 950.000 1,340,000 Goods available for sale (including beg. Inventory) 1,350,000 1,875,000 Cast-to-retail percentage 1.01% Less: Net sales (1.250,000) Estimated ending inventory at retail 625,000 Estimated ending inventory at cost 443,378 0 Estimated cost of goods sold S 906,622