Crosby Company owns a chain of hardware stores throughout the state. The company uses a perodic 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, 2018 $180,000 630,000 Beginning inventory Not purchases Met markupe Het markdowns Net sales Retail $282,000 865,000 13,000 3,000 B40,000 Required: Complete the table below to estimate the LIFO cost of ending Inventory and dost of goods sold for the three months ending March 31, 2018. Assume stable retail prices during the period. $ Cost 180,000 $ 630,000 Beginning inventory Plus: Not purchases Net markups Loss Net markdowns Goods available for sale (excluding beg Inventory Goods available for sale (including beginventory) Cost-to-Retail Retail Ratio 282.0001 305,000 13.000 (3.000) 875,000 1.157.000 630,000 810,000 Cost-to-retail percentage 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, 2018. Assume stable retail prices during the period. Cost-to-Retail Cost Ratio 5 180,000 $ 630,000 Beginning inventory Plus: Net purchases Net markups Less: Not markdowns Goods available for sale (excluding beg Inventory) Goods available for sale including beginventory) Retail 282.000 865.000 13,000 (3.000) 630.000 810,000 875,000 1,157,000 Cost-to-retail percentage 840.000 317,000 $ Less: Net sales Estimated ending inventory at retal Estimated ending inventory at cost Estimated cost of goods sold