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, 2021 Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales Cost Retail $500,000 $630,000 960,000 1,410,000 51,100 68,000 35,000 1,300,000 Estimate ending inventory and cost of goods sold (LIFO) (Round ratio calculation to 2 decimal places (ie, 0.1234 should be entered Los Rotor Polo Beginning inventory Plus. Net purchases Freight-in Net markups Less: Not markdowns Goods available for sale (excluding beg Inventory) Goods available for sale (including beg Inventory) Cost-to-retail percentage Less Not sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold