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: Retail Beginning inventory $220,000 $361,800 Net purchases 697,000 830,000 Net markups 27,000 Net markdowns 7,000 Net sales 825,000 Cost 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 (.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 Retail Cost-to- Retail Ratio $ Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg, inventory) Goods available for sale (including beg, inventory) 220,000 697,000 0 0 697,000 917,000 361,000 830,000 27,000 7.000 850,000 1,211,000 61.11 % Cost-to-retail percentage (beginning) Answer is complete but not entirely correct. Cost Retail Cost-to- Retail Ratio $ $ 220,000 697,000 0 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg. inventory) Goods available for sale (including beg. inventory) 361,000 830,000 27,000 7,000 850,000 1,211,000 697,000 917,000 Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) 61.11 X % 84.00 % 825,000 386,000 Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 34,000 92,000