Required information

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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 $$4,000.$

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.

Answer is complete but not entirely correct.