Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2021 Cost $ 61,000 324,280 Inventory, January 1 Purchages Net markups Net markdowns Net salen Retail $ 82,000 469,200 8,800 17,500 400,000 Required: Estimate the ending inventory as of December 31, 2021. (Round "Cost-to-retail percentage" to 1 decimal place.) Estimated ending inventory at retail Estimated ending inventory at cost