Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available:

	Cost	Retail
Beginning inventory	$ 320,000	$ 382,000
Net purchases	707,000	995,000
Net markups		23,000
Net markdowns		8,000
Net sales		961,000

Required:

Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold using the information provided. Assume stable retail prices during the period.

beginning inventory	320000	382000
net purchase	707000	995000
net markups	?	23000
net markdowns	?	-8000
goods available for sale (excluding beg inv)
goods available for sale (including beg inv)
cost to retail percentage (beg)			?
cost to retail percentage (current)			70%
net sales		961000
estimated end inventory at retail

estimated end inventory at cost	354300
estimated COGS	672700