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 for the three months ending March 31, 2021:

	Cost			Retail
Beginning inventory	$	260,000		$	365,000
Net purchases		760,000			934,000
Net markups					18,000
Net markdowns					2,000
Net sales					912,000

Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.)

Seved mework Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calc 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cast $ 260,000 $ 760,000 0 Beginning inventory Net purchases Netmarkups Net markdowns Goods available for sale (excluding beg. Inventory) Goods available for sale including beginventory Cost-to-Retail Retail Ratio 365,000 934.000 18,000 2,000 950,000 1,315,000 0 760,000 1,020,000 Cost total percentage beginning) Cost-to-retail percentage (current) 77.57 % 77.57 % Net sales Estimated ending inventory Estimated ending inventory cost Estimated cost of goods sold 912,000 403,000 5 MacBook Air