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) Beginning inventory Net purchases Net markups Net markdowns Net sales Required: Cost $340,000 777,000 Retail $ 384,000 1,040,000 15,000 5,000 1,005,000 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 Note: Round ratio calculation to 2 decimal places (ie., 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign. Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beginning inventory) Goods available for sale (including beginning inventory) Cost-to-retail percentage (beginning) Cost to retail percentage (current) Net sales Estimated ending inventory at retal Estimated ending inventory at cost Estimated cost of goods sold Answer is not complete. Cost Retail Cost to Retail Ratio $ 340,000 $ 384,000 777.000 1,040,000 0 00 777,000 1,040,000 1,117,000 1.424.000 88.54% 74.71% 1,005.000 $ 419,000