$!$

Required information

$[$The following information applies to the questions displayed below.$]$

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 $$5,000.$

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.