On January 1, 2021, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2021 and 2022 are as follows:

	2021							2022
	Cost			Retail				Cost			Retail
Beginning inventory	$	121,600		$	190,000
Purchases		520,000			708,000			$	630,000		$	1,056,000
Purchase returns		2,500			5,000				3,000			3,600
Freight-in		4,200							6,000
Net markups					6,300							9,400
Net markdowns					4,300							6,800
Net sales to customers					570,000							698,000
Sales to employees (net of 25% discount)					16,500							16,500
Normal spoilage					1,500							5,700
Price Index:
January 1, 2021		1.00
December 31, 2021		1.20
December 31, 2022		1.60

Required: 3. Estimate the 2021 ending inventory and cost of goods sold using the conventional retail method. (Round your cost-to-retail percentage to 2 decimal places and round your final answers to nearest whole dollar.)