Roberson Corporation uses a periodic inventory system and the retail inventory method. Accounting records provided the following information for the 2021 fiscal year:

	Cost			Retail
Beginning inventory	$	305,000		$	570,000
Net purchases		706,000			1,265,000
Freight-in		16,400
Net markups					33,000
Net markdowns					6,000
Normal spoilage					3,000
Sales					1,470,000

The company records sales to employees net of discounts. These discounts totaled $32,000 for the year. Estimate ending inventory and cost of goods sold using the conventional method. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.))