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, 2018:

	Cost			Retail
Beginning inventory	$	410,000		$	545,000
Net purchases		910,000			1,320,000
Freight-in		44,400
Net markups					59,000
Net markdowns					29,000
Net sales					1,255,000

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