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: Cost $360,000 840,000 $ Beginning inventory Net purchases Net markups Net markdowns Net Sales Retail 460.000 1,040,000 17,000 7.000 1,023,000 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. Cost Retail Cost-to- Retail Ratio $ 360,000 840,000 Beginning inventory Plus: Net purchases Not markups Less: Nel markdowns Goods available for sale (excluding beg, inventory) Goods available for sale (including beg inventory) 400,000 1,040,000 17000 7,000 1,050,000 1,510,000 840,000 1,200,000 Cost to retail percentage 1,023,000 487,000 Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 387,163 812,837 $