Please solve the Less: Net Sales and Cost to retail percentage

Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Cost $220,000 588,000 11,000 Retail $283,000 864,000 Merchandise inventory, January 1, 2021 Purchases Freight-in Net markups Net markdowns Net sales 23,000 4,300 830,000 Required: Determine the December 31, 2021, inventory by applying the conventional retail method using the information provided. Cost Retail Cost-to-Retail Ratio $ $ Beginning inventory Plus: Purchases 220,000 588,000 11,000 283,000 864,000 0 Freight-in Net markups 0 23,000 1,170,000 4,300 1,165,700 E Less: Net markdowns 0 Goods available for sale 819,000 Cost-to-retail percentage % Less: Net sales 830,000 335,700 $ Estimated ending inventory at retail Estimated ending inventory at cost 234,990