il con=contexternal browser-Blaunchuifhttps%253A%252F%252Fmymasonportal.gmu.edu/252Fwebapps 252Fportal am - Acct 331- Summer 2020 Saved Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2021 5-25 Inventory, January 1 Purchases Net markups Net markdowns Net sales Cost Retail $ 52,000 $ 77,500 322,129 465,600 7,900 16,600 391,000 Required: Estimate the ending inventory as of December 31, 2021. (Round "Cost-to-retail percentage" to 1 decimal place.) Estimated ending inventory at retail Estimated ending inventory at cost