Dixon Books uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at October 31, 2015.

	Hardcovers		Paperbacks
	Cost	Retail	Cost	Retail
Beginning inventory	$777,000	$1,295,000	$518,000	$666,000
Purchases	3,949,750	5,920,000	2,136,750	2,849,000
Freight-in	44,400	---	22,200	---
Purchase discounts	81,400	---	40,700	---
Net sales		5,735,000		2,904,500

At December 31, Dixon Books takes a physical inventory at retail. The actual retail values of the inventories in each department are Hardcovers $1,461,500, and Paperbacks $619,750.

Determine the cost-to-retail ratio. (Round answers to 1 decimal place, e.g. 25.5%.)

	Hardcovers	Paperbacks
Cost-to-retail ratio	______%	______%

Determine the estimated cost of the ending inventory for each department at October 31, 2015, using the retail inventory method. (Round answers to 0 decimal place, e.g. 25,120.)

	Hardcovers	Paperbacks
The estimated cost of the ending inventory	$______	$______

Compute the ending inventory at cost for each department at December 31, assuming the cost-to-retail ratios for the year are 64% for Hardcovers and 77% for Paperbacks. (Round answers to 0 decimal places, e.g. 25,120.)

	Hardcovers	Paperbacks
The ending inventory	$______	$______