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Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2021 cost 550.000 321,673

Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2021 cost 550.000 321,673 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $ 76,500 464,800 7,700 16,40e 389,00 Required: Estimate the ending inventory as of December 31, 2021 (Round "Cost to retail percentage" to 1 decimal place.) Estimated ending inventory at retali Estimated ending inventory at cost

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