Kiddie World 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 quarter ending September 30, 2016:

Estimate ending inventory and cost of goods sold (LIFO).

Cost Retail 300,000s 450,000 861,000 1,210,000 22,000 Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales 48,000 18,000 1,200,000 Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Cost-to-Retail Ratio Cost Retail Beginning inventory Plus: Net purchases Freight-in Net markups Less: Net markdowns Goods available for sale (excluding beg Inventory) Goods available for sale (including beg Inventory) 0 0 Cost-to-retail percentage Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 0