Billingsly Products uses the conventional retail method to estimate its ending Inventories. The following data has been summarized for the year 2021: Cost $ 48, eee 321, 225 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $ 75,500 464,888 7,500 16,200 387,000 Required: Estimate the ending Inventory as of December 31, 2021. (Round "Cost-to-retall percentage" to 1 decimal place.) Estimated ending inventory at retail Estimated ending inventory at cost