Problem 5 (18pts): 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, 2021: $ Cost 250,000 $ 861,000 22,000 Retail 350,000 1,210,000 Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales 48.000 18,000 1,100,000 Estimate ending inventory and cost of goods sold (average cost)