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: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost $270,000 672,000 Retail $366,000 939,000 24,000 3,000 920,000 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.) Answer is complete but not entirely correct. Cost-to- Cost Retail Retail Ratio Beginning inventory $ Net purchases 270,000 $ 672,000 366,000 939,000 Net markups 24,000 Net markdowns 3,000 Goods available for sale (excluding beg. inventory) Goods available for sale (including beg. inventory) 672,000 960,000 942,000 1,326,000 Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 920,000 $ 406,000 40,000 64,402 73.77 % 70.00 %