Check my wo Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold The following data are available for the quarter ending September 30, 2021: Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales Cost "Retail $390,000 $ 525,000 900,000 1,300,000 27,050 57,000 27,000 1,245,000 Estimate ending inventory and cost of goods sold using the conventional method (Round ratio calculation to 2 decimal places li.., 0.1234 should be entered as 12.34%.)) Cost Cost-to-Retail Ratio $ 390,000 $ 900.000 27,050 Retail 525,000 1,300,000 Beginning inventory Plus: Not purchases Freight-in Not markups Goods available for sale Less: Not markdowns Goods available for sale 57,000 1,882,000 (27,000) 1,855,000 1,317,050 Cost-to-retail percentage