Required informetion. [The following intormabon appates to the questions arpiayed below? Sparrow Company uses the retail unvertory method to estimate ending invertory and coct of goods sold Duta for 2024 are as follows The company secoras sales net of employee discounts Fmployee ascounts for 2024 totaved 54300 Pequlred: 1. Erlimste Sparow's ending imventary and cost of goods sold for the year using the retail invertory metaiod and the invelage cost arppication. Note: Round Cossto-retell pereentage to 2 decimsi pisces and final antwers to the nearest whole dolitar amount. Required information [The forlowing intormation apples to the questans displiyed below] Spyrow Company uses the retafi inventory method to estimate ending inventory and coct of goods sold. Data for 2024 are ars tolows The company recoras sales net of employee discounts Empioyee discounts for 2024 totaied 54,300 2. Eitiriate 5 parrows ending inventory and cost of goods scia for the year using the retan inventory method and the comentiona ppilication Note: Pound Cost-to-fetall percentage to 2 decimal pisces and final answers to the nearest whole dollor amount. Answar is complete thut not entirely correct. Required information [The following information applies to the questions displayed below] Sparrow Company uses the retall 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 $4,300. Required: 1. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retall inventory method and the average cost application. Note: Round Cost-to-retall percentage to 2 decimal places and final onswers to the nearest whole dollar amount. Required Information [The tollowing intormation applles to the questions displayed below] Sparrow Company uses the retall 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 $4,300. 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retall inventory method and the conventional appilication. 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