Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Cost $380,000 524,000 27,000 Retail $299,000 992,000 Merchandise inventory, January 1, 2021 Purchases Freight-in Net markups Net markdowns Net sales 39,000 5,900 990,000 Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided. (Round ratio calculation to 2 decimal places (.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Retail Cost-to-Retail Ratio $ $ Beginning inventory Purchases Freight-in Net markups 380,000 524,000 27,000 299,000 992,000 39,000 1,330,000 (5,900) 1,324,100 Net markdowns Goods available for sale 931,000 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost (990,000) 334,100 $