Exercise 9-15 (Algo) Retail inventory method; LIFO [LO9-3] 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: Beginning inventory Cost $ 200,000 712,000 Retail $ 350,000 879,000 16,000 5,000 849,000 Net purchases Net markups Net markdowns. Net sales 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. Note: Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign. Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excludinn heninninn inventory) Cost Retail Cost-to-Retail Ratio $ 200,000 $ 350,000 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beginning inventory) Goods available for sale (including beginning inventory) Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Cost Retail $ 200,000 $ 350,000 Cost-to-Retail Ratio % do de %