Roberson Corporation uses a periodic inventory system and the retail inventory method. Accounting records provided the following information for the 2016 fiscal year:

CostRetailBeginning inventory$290,000$540,000Net purchases691,0001,250,000Freight-in20,000Net markups30,000Net markdowns11,000Normal spoilage8,000Net sales1,440,000

The company records sales to employees net of discounts. These discounts totaled $29,000 for the year.

Estimate ending inventory and cost of goods sold using the conventional method.

need a table stating .. cost, retail, cost to retail ratio