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Help Save & Exit Submit Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic Inventory system and the

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Help Save & Exit Submit 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 Beginning inventory Net purchases Net markups Net narkdowns Net sales Cast Retail $170,000 $281,000 602,000 40.000 26,000 6.000 815,000 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 (Round ratio calculation to 2 decimal places (... 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Rotall Coolto-Retail Ratio 281,000 $ 170,000 $ Beginning inventory Net purchases Net markup Net markdowns Goods available for sale (excluding beginventory) Goods available for sale (including beg, 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 oods sold

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