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 at the end of the year:

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

Note: Round ratio calculation to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%.)$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 at the end of the year:

Cost Retail

Beginning inventory $ $450,000$ $ $580,000$

Net purchases $935,0001,360,000$

Freight$-$in $72,800$

Net markups $63,000$

Net markdowns $33,000$

Net sales $1,275,000$

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