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