Please state all the calculations and explanations.

Crosby Company owns a chain of hardware stores throughout the state. The company 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 three months ending March 31, 2021: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $300,000 $380,000 833,000 962,000 24,000 6,000 924,000 Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost $ Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg. inventory) Goods available for sale (including beg. inventory) 300,000 $ 833,000 0 0 833,000 1,133,000 Cost-to- Retail Retail Ratio 380,000 962,000 24,000 6,000 980,000 1,360,000 Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) 78.94% 85.00 % 924,000 436,000 $ Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold