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, 2020: Cost Retail Beginning inventory $300,000 $ 450,000 Net purchases 883,000 1,210,000 Net markups 48,000 Net markdowns 18,000 Net sales 1,200,000 Required: Fill in the blanks in the grey area to estimate ending inventory and cost of goods sold (using the cost method). Cost Retail Beginning inventory _________ __________ Plus: Net purchases _________ _________ Net markups __________ Less: Net markdowns _________ Total inventory available for sale _________ _________ Cost-to-retail percentage = ______________________________ Less: Net sales _________ Estimated ending inventory at retail _________ Estimated ending inventory at cost _________ Estimated cost of goods sold _________ ________