Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2018: Cost $ 49,000 321,448 Inventory, January 1 Purchases Net markups Net markdowns Net sales Retail $ 76,000 464,400 7,600 16,300 388,000 Required: Estimate the ending inventory as of December 31, 2018. (Round "Cost-to-retail percentage" to one decimal place.) Estimated ending inventory at retail Estimated ending inventory at cost