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	$ 160,000	$ 280,000
Net purchases	607,760	840,000
Net markups		20,000
Net markdowns		4,000
Net sales		800,000

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.

			Cost	Retail	Cost-to-Retail
Beginning inventory			$ 160,000	$ 280,000
Net purchases			$ 607,760	$ 840,000
Net markups			$ 0	$ 20,000
Net markdowns			$ 0	$ (4,000)
Goods available for sale (exc beg)			$ 607,760	$ 856,000
Goods available for sale (inc beg)			$ 767,760	$ 1,136,000
Cost-to-retail percentage (beg)						%
Cost-to-retail percentage (cur)					71.00%	%
Net sales				$
Estimated ending inventory at retail				$
Estimated ending inventory at cost			$
Estimated cost of goods sold			$