Required:

Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost

application.

Note: Round Cost$-$to$-$retail percentage to $2$ decimal places and final answers to the nearest whole dollar amount.

Estimated cost of goods sold Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for

$2024$ are as follows:

The company records sales net of employee discounts. Employee discounts for $2024$ totaled $$4,400.$

Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional

application.

Note: Round Cost$-$to$-$retail percentage to $2$ decimal places and final answers to the nearest whole dollar amount. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional

application.

Note: Round Cost$-$to$-$retail percentage to $2$ decimal places and final answers to the nearest whole dollar amount. Required:

Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost

application.