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 Net purchases Freight-in Net markups Net markdoms Net sales $460, 000 S 590, 000 .000 1,370, 000 52, 700 64, 000 34,000 1,280, 000 Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.))