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 Cost Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales Retail $480,000 $ 610,000 950,000 1,390,000 11,300 66,000 36,000 1,290,000 Estimate ending inventory and cost of goods sold (average cost). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.))