Richard Yates Inc. maintains inventory records at selling prices as well as at cost. For 2019, the records indicate the following data:

	Cost		Retail
Beginning inventory	300		420
Purchases	755		1100
Freight-in on purchases	35
Purchase returns	30		80
Normal Spoilage			60
Abnormal Spoilage	40		70
Net markups			40
Net markdowns			80
Employee Discounts			50
Net sales			916

Determine the value of ending inventory and cost of goods sold assuming Yates uses the retail method