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I need help with these questions. {The following infomaon applies to the questions displayed below} Sparrow Company uses the retail inventory method to estimate ending

I need help with these questions.

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{The following infomaon applies to the questions displayed below} Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Coat: Retail Beginning inventory $ 98, 000 $138, 000 Purchases 365,000 588,000 Freightin 9 , E 00 Purchase returns 7, 800 11, 800 Net markups 16, 300 Net markdowns 12, 800 Hormel spoilage 3, 3 OD Abnormal spoilage 5 , 563 8 , 800 Sales 5 4 8 , 0 0 0 Sales returns 10, 800 The company records sales net of employee discounts. Employee discounts for 2021 totaled $4,800. Required: 1. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application. (Round Cost-to-retall percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated mat of goods sold Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Cost Mail Beginning inventory 5 98.000 $188,000 Purchases 365,000 538,000 Freight-in 9 , H 00 Purchase returns 7 , H00 11 , 000 Net. markups 16 , H 00 at. markdowns 12. 000 Normal spoilage 3 , H 00 Abnormal spoilage 5.563 3.000 Sales 548 , 0 00 Sales returns 10 , 000 The company records sales net ot employee discounts. Employee discounts for 2021 totaled $4,300. Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. (Round Cost-to-retell percentage to 2 decimal places and final answers to the nearest whole dollar amount} Estimated ending inventor}.I at retail Estimated ending inventor}.I at cost Estimated mat of goods sold

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